Ontario Barrister and Solicitor Practice Exam

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Master the Ontario Barrister and Solicitor Exam with our comprehensive practice quiz. Tailored to the latest syllabus, it's the perfect tool to assess your readiness and ensure success.

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When is a short form amalgamation permitted under the OBCA?

With full shareholder approval only.
Between subsidiaries and/or a parent company without agreement.
After a public hearing.
When it involves foreign corporations.

The correct answer is: Between subsidiaries and/or a parent company without agreement.

A short form amalgamation is a process of merging two or more corporations under the Ontario Business Corporations Act (OBCA). This can only be done between subsidiaries and/or a parent company without agreement, making option B the correct choice. Options A and C are incorrect because they do not take into account the specific requirements for a short form amalgamation under the OBCA. Option D is incorrect because it applies to amalgamations involving foreign corporations, not short form amalgamations.