In the law of corporations, a merger is effected when one or more corporations becomes a part of, or merges, with another corporation so that one ceases to exist and the other continues to exist. In a merger, the company that continues to exist retains its name and identity and acquires the assets, liabilities, franchises, and powers of the corporation that ceases to exist. Attorneys who practice in mergers and acquisitions (sometimes called M & A) represent corporations and other business entities in strategizing, negotiating, and carrying out transactions in which two or more companies or corporations combine into a single new entity, a merger, or where one business purchases and absorbs the assets of another, an acquisition.
Vernon is a city in Washington County, Florida, United States. The population was 743 at the 2000 census; according to the U.S. Census Bureau's 2004 estimates, the city had a population of 757. The town gained infamy in the late 1950s and early 1960s due to the improbably high percentage of residents who put out insurance claims on lost limbs, to the point that many speculated that residents of the town were intentionally dismembering themselves for the insurance money. Vernon, with a population of 500 - 800 resulted in as many as 2/3 of claims nationally. As such, the town gained the nickname "Nub City". The geographical center of Washington County, Florida, Vernon is named for George Washington's Virginia home, Mt. Vernon. The quaint, pioneer town was also the site of a major Indian settlement. Vernon held the county seat until 1927 when the seat was moved to Chipley. The move was approved by a margin of one vote. The city is also known for the Errol Morris documentary film Vernon, Florida (produced in 1981) highlighting the eccentricities of the people who lived there. The movie angered many residents of the city and surrounding areas who felt the documentary portrayed Vernon in a negative light. Morris had originally intended to document on the "Nub City" aspect of the town, but re-focused his subject after claiming to receive death threats from residents.