§432D-22  Acquisition of control of ormerger of a health maintenance organization.  No person may make a tenderfor or a request or invitation for tenders of, enter into an agreement toexchange securities for, or acquire in the open market or otherwise, any votingsecurity of a health maintenance organization or enter into any other agreementif, after the consummation thereof, that person, directly or indirectly, or byconversion or by exercise of any right to acquire, would be in control of thehealth maintenance organization, and no person may enter into an agreement tomerge or consolidate with or otherwise to acquire control of a healthmaintenance organization, unless, at the time any offer, request, or invitationis made or any agreement is entered into, or prior to the acquisition of thesecurities if no offer or agreement is involved, the person has filed with thecommissioner and has sent to the health maintenance organization informationrequired by section 431:11-104 and the offer, request, invitation, agreement,or acquisition has been approved by the commissioner.  Approval by thecommissioner shall be governed by section 431:11-104(d); provided that if noaction is taken by the commissioner within thirty days, the offer, request,invitation, agreement, or acquisition shall be deemed approved. [L 1995, c 179,pt of §1; am L 2000, c 74, §6]