Minnesota Acquisition, Merger, or Liquidation
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FAQ
The non-surviving corporation as a separate entity goes out of existence as part of the merger process, but does not technically ?dissolve,? which is a separate kind of corporate transaction.
With a merger ?continuity? can be achieved since assets and liabilities are being transferred to the absorbing ? surviving company. Liquidation brings an end to the existence of the company. The merger requires approval by the Court. The voluntary liquidation does not.
