Question

What compliance check aligns with Rule 13(3) of KCS Act, when issuing the explanatory statement for the merger meeting?

• A. Only disclose the financial statements of the merging entities.
• B. Focus solely on the benefits for the management team.
• C. Disclose material facts, including rationale, asset-liability impact, member rights, and any changes to bye-laws
• D. Provide a summary of historical legal disputes without detailing current impacts.

Answer 1

Answer:

C. Disclose material facts, including rationale, asset-liability impact, member rights, and any changes to bye-laws

.