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Question
Fact Pattern 40-1First Bank Company decides to consolidate its operations with Global Loans, Inc., to form International Investment Corporation (IIC).
Refer to Fact Pattern 40-1. Global Loans had rights in certain property. After the consolidation, IIC acquires the rights
a. automatically.
b. only after completing certain additional statutory procedures.
c. only if Global Loans' former shareholders expressly approve.
d. only if the acquisition is a specified result of the consolidation.
Answer
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