Rhode Island § 7-5.2-2 § 7-5.2-2. Legislative findings.

Rhode Island Statutes

§ 7-5.2-2 — § 7-5.2-2. Legislative findings.

Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-5.2 Business Combination Act

§ 7-5.2-2. Legislative findings.
The general assembly finds and declares that:
(1) The hostile takeover of publicly held domestic corporations by business combinations
            is generally not in the public interest;
         
(2) A permissive statutory method should be established under which domestic, publicly
            owned corporations can have available methods to limit hostile takeovers; and
         
(3) In determining whether a takeover, whether by way of tender offer or other acquisition
            proposal, is desirable, the board of directors of a domestic corporation can review
       

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§ 7-5.2-2. Legislative findings.

The general assembly finds and declares that:

(1) The hostile takeover of publicly held domestic corporations by business combinations is generally not in the public interest;

(2) A permissive statutory method should be established under which domestic, publicly owned corporations can have available methods to limit hostile takeovers; and

(3) In determining whether a takeover, whether by way of tender offer or other acquisition proposal, is desirable, the board of directors of a domestic corporation can review and take into consideration any factors that affect the corporation's employees, suppliers, creditors, customers, and the community in general.

Rhode Island § 7-5.2-2 (§ 7-5.2-2. Legislative findings.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.