§71-421. Exemptions.

71 OK Stat § 71-421 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

This act shall not apply when:

1. The offeror or the target company is a public utility or a public utility holding company as defined in Section 2 of the "Public Utility Holding Company Act of 1935," 49 Stat. 803, 15 U.S.C. 79, as amended, and the multinational corporation take-over bid is subject to approval by the appropriate federal agency as provided in such act;

2. The offeror or the target company is a bank or a bank holding company as subject to the "Bank Holding Company Act of 1956," 70 Stat. 133, 12 U.S.C. 1841, and subsequent amendments thereto, and the multinational corporation take-over bid is subject to approval by the appropriate federal agency as provided in such act;

3. The offeror or the target company is a savings and loan holding company as defined in Section 2 of the "Savings and Loan Holding Company Amendments of 1967," 82 Stat. 5, 12 U.S.C. 1730A, as amended, and the multinational corporation take-over bid is subject to approval by the appropriate federal agency as provided in such act;

4. The offeror and the target company are banks and the offer is part of a merger transaction subject to approval by appropriate federal supervisory authorities; and

5. The offeror or target company is an insurance company regulated under the Oklahoma Insurance Code.

Added by Laws 1980, c. 300, § 8, emerg. eff. June 12, 1980.

Previous Section

§71-420. Rules and regulations.

Next Section

§71-451. Short title.