§ 7-5.2-2 - Legislative findings. - Rhode-island Statutes

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SECTION 7-5.2-2

§ 7-5.2-2 Legislative findings. – The general assembly finds and declares that:

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

(2) A permissive statutory method should be established underwhich domestic, publicly owned corporations can have available methods to limithostile takeovers; and

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

State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-5-2 > 7-5-2-2

SECTION 7-5.2-2

§ 7-5.2-2 Legislative findings. – The general assembly finds and declares that:

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

(2) A permissive statutory method should be established underwhich domestic, publicly owned corporations can have available methods to limithostile takeovers; and

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

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-7 > Chapter-7-5-2 > 7-5-2-2

SECTION 7-5.2-2

§ 7-5.2-2 Legislative findings. – The general assembly finds and declares that:

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

(2) A permissive statutory method should be established underwhich domestic, publicly owned corporations can have available methods to limithostile takeovers; and

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