New York § 1602 Disclosure requirement

New York Statutes

§ 1602 — Disclosure requirement

New York § 1602

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Art. 16Security Takeover Disclosure Act

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Bluebook

N.Y. Business Corporation § 1602 (2026).

Text

§ 1602. Disclosure requirement.\n  (a) No offeror shall make a takeover bid unless as soon as practicable\non the date of commencement of the takeover bid he files with the\nattorney general at his New York city office and delivers to the target\ncompany at its principal executive offices a registration statement\ncontaining the information required by section sixteen hundred three of\nthis article.\n  (b) An offeror shall make full and fair disclosure to offerees of the\nmaterial information set forth in the registration statement filed\npursuant to subdivision (a) of this section.\n  (c) No solicitation or recommendation to the offerees of a target\ncompany to accept or reject a takeover bid shall be made by or on behalf\nof an offeror or a target company unless at the time copies of suc

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§ 1602. Disclosure requirement.\n (a) No offeror shall make a takeover bid unless as soon as practicable\non the date of commencement of the takeover bid he files with the\nattorney general at his New York city office and delivers to the target\ncompany at its principal executive offices a registration statement\ncontaining the information required by section sixteen hundred three of\nthis article.\n (b) An offeror shall make full and fair disclosure to offerees of the\nmaterial information set forth in the registration statement filed\npursuant to subdivision (a) of this section.\n (c) No solicitation or recommendation to the offerees of a target\ncompany to accept or reject a takeover bid shall be made by or on behalf\nof an offeror or a target company unless at the time copies of such\nsolicitation or recommendation are first published, sent or given to\nsuch offerees, the person making such solicitation or recommendation has\nfiled copies of the solicitation or recommendation with the attorney\ngeneral at his New York city office.\n