Which of the following statements is a general requirement for the merger of two corporations?
A. The merger plan must be approved unanimously by the shareholders of both corporations.
B. The merger plan must be approved unanimously by the boards of both corporations.
C. The absorbed corporation must amend its articles of incorporation.
D. The shareholders of both corporations must be given due notice of a special meeting, including a copy or summary of the merger plan.
Answer: D. The shareholders of both corporations must be given due notice of a special meeting, including a copy or summary of the merger plan.
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