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.
Greenbackville is a small unincorporated community 4.5 miles (5 km) south of Stockton, Maryland in Accomack County, Virginia, located just south of the Maryland state line at 38°0′32″N 75°23′30″W / 38.00889°N 75.39167°W / 38.00889; -75.39167. The town was settled in 1867 and was officially named "Greenbackville" by the United States Postal Service in 1874. Greenbackville and neighboring Franklin City, grew as a result of the railroad line laid in the late 1800s to transport oysters and other shellfish from Chincoteague to Baltimore, Philadelphia, and New York City. However, during the course of the 20th century the Depression, the construction of the Chincoteague Causeway, and the nor'easter of 1962 all helped to erode Greenbackville's economic base. Official Website: www. greenbackville. org The population of Accomack County near Greenbackville grew with the creation of Captain's Cove, a planned residential community just west of Greenbackville.