§ 23-2-3.1-5.5 — Definitions; application of section

Indiana § 23-2-3.1-5.5

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2: SECURITIES AND FRANCHISES
• Ch. 3.1: Takeover Offers

Text

5. (a) The definitions in IC 23-1-20 apply to
this section, except to the extent of any conflict with section 1 of this
chapter.
(b) This section applies to:
(1) a foreign corporation incorporated under a law other than the
law of the United States or any state of the United States (as
defined in IC 1-1-4-1); or
(2) a person who is not a citizen of the United States.
(c) This section does not apply to the initiation of a new business in
Indiana by a person subject to this section.
(d) Notwithstanding any other provision of this title, a person
subject to this section may not make a takeover offer unless the person
files a statement with the commissioner under this subsection.
(e) The statement filed under subsection (d) must state the
following:
(1) The financial sources to be used by the person in the takeover
offer.
(2) The proposed consummation date of the takeover.

Legislative History

As added by P.L.229-1989, SEC.5.