§ 421-A:8 — Fraudulent, Deceptive or Manipulative Practices

New Hampshire § 421-A:8

• Jurisdiction: New Hampshire
• Title XXXVIII: SECURITIES
• Ch. 421-A: DISCLOSURE OF SECURITY TAKEOVERS

Text

I. No person shall make any untrue statement of a material fact or fail to state any material fact necessary in order to make the statement made, in the light of the circumstances under which they are made, not misleading, nor engage in any fraudulent, deceptive, or manipulative acts or practices, in connection with any tender offer or request or invitation for tenders, or any solicitation of security holders in opposition to or in favor of any such offer, request, or invitation. Fraudulent, deceptive or manipulative acts or practices include without limitation those acts and practices prescribed by rules adopted by the secretary of state, pursuant to RSA 541-A, as necessary to carry out the provisions of this chapter.
II. No takeover bid shall be made unless this chapter has been complied with, and no offeror shall make a takeover offer until any administrative or injunctive proceeding brought by the secretary of state against the offeror for violation of this chapter has been finally adjudicated.
III. No offeror shall exercise the voting power of shares acquired after the filing of a registration statement (or without the filing of a registration statement when a registration statement is required) until the issuance of an order of the secretary of state pursuant to RSA 421-A:6.

Legislative History

1977, 20:1. 1987, 411:13. 1988, 62:8, 13. 1991, 355:89, I. 1992, 288:31, eff. July 1, 1992.