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Section 7-5.2-2 Legislative findings.

RI Gen L § 7-5.2-2 (2019) (N/A)
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§ 7-5.2-2. Legislative findings. The general assembly finds and declares that:

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

(2) A permissive statutory method should be established under which domestic, publicly owned corporations can have available methods to limit hostile takeovers; and

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

History of Section. (P.L. 1990, ch. 138, § 1.)

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