421-A:15 Exclusions. –
This chapter shall not apply when:
I. 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. section 79 et seq.), as amended, and the takeover bid is subject to approval by the appropriate federal agency as provided in said act;
II. The offeror or the target company is a bank or a bank holding company subject to the "Bank Holding Company Act of 1956" (70 Stat. 133, 12 U.S.C. section 1841 et seq.), and subsequent amendments thereto, and the takeover bid is subject to approval by the appropriate federal agency as provided in said act;
III. 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. section 1730a), as amended, and the takeover bid is subject to approval by the appropriate federal agency as provided in said amendments;
IV. 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;
V. The target companies are incorporated insurance agencies subject to regulation under Title XXXVII.
Source. 1977, 20:1. 1983, 144:8, eff. Aug. 6, 1983.