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Title XXVI TRADE AND COMMERCE

Chapter 409

previous next Effective - 28 Aug 1986bottom

  409.546.  Fraudulent practices not allowed, solicitation of offerees. — 1.  No person shall make any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, or engage in any fraudulent, deceptive, or manipulative acts or practices, in connection with any takeover bid or any solicitation of offerees in opposition to or in favor of any such takeover bid.

  2.  Fraudulent, deceptive or manipulative acts or practices include without limitation those acts and practices prescribed by rules and regulations which the commissioner of securities is hereby empowered to adopt, promulgate, amend and rescind as is necessary to carry out the provisions of this section.

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(L. 1986 H.B. 1667)


---- end of effective   28 Aug 1986 ----

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