This is “Corporate Expansion, State and Federal Regulation of Foreign Corporations, and Corporate Dissolution”, chapter 27 from the book The Legal Environment and Foundations of Business Law (v. 1.0). For details on it (including licensing), click here.
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After reading this chapter, you should understand the following:
This chapter begins with a discussion of the various ways a corporation can expand. We briefly consider successor liability—whether a successor corporation, such as a corporation that purchases all of the assets of another corporation, is liable for debts, lawsuits, and other liabilities of the purchased corporation. We then turn to appraisal rights, which are a shareholder’s right to dissent from a corporate expansion. Next, we look at several aspects, such as jurisdiction and taxation, of foreign corporations—corporations that are incorporated in a state that is different from the one in which they do business. We conclude the chapter with dissolution of the corporation.