Which of the following is not a valid restriction in a cooperative interest?
A) A requirement to offer the interest first to the corporation.
B) A requirement on transfer at death.
C) A requirement for approval prior to leasing.
D) All of the above are valid restrictions.
Question 2
If there is a consolidation of corporations A, B, and C: ______.
A) corporations B and C are absorbed into corporation A, and corporation A continues to exist.
B) all of the corporations continue to exist.
C) all corporations continue to exist, but corporation A owns all of the stock of corporations B and C.
D) corporations A, B, and C cease to exist, and a new corporation with the property and assets of the old corporations comes into being.
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