6-144. Acquisition of control; approval of
superintendent
A person shall not, directly or indirectly, make a tender offer for, request or
invite a tender offer for, offer to exchange securities for or acquire in the open market
or otherwise, any voting security or any security convertible into a voting security of a
bank, trust company, savings and loan association or controlling person if such a
transaction would result in the person acquiring control of a bank, trust company or
savings and loan association or controlling person unless the superintendent has approved
such acquisition of control, except that nothing in this section shall prohibit a person
from negotiating or entering into agreements subject to the condition that the
acquisition of control will not be effective until approval of the superintendent is
obtained.
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