17-1288

Chapter 17.--CORPORATIONS
Article 12.--SECURITIES

      17-1288.   Same; interested shares, defined."Interested shares" means the shares of an issuing publiccorporation with respect to which any of the following persons may exerciseor direct the exercise of voting power in the election of directors of theissuing public corporation:

      (a)   A person or member of a group that makes or proposes to make acontrol share acquisition.

      (b)   Any officer of the issuing public corporation.

      (c)   Any employee of the issuing public corporation who is also adirector of the corporation.

      History:   L. 1988, ch. 93, § 3; April 21.