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What is the required vote for the approval or ratification of merger or consolidation?

Sagot :

Answer:

two-thirds

Steps to achieve merger or consolidation

The BoD of each corporation must draw up a plan of merger or consolidation. 2. A plan must be submitted to the S/M of each corporation for approval. The vote or two-thirds (members) or two-thirds of the outstanding capital stock (stockholders) would be required.