421-A:6 Prohibition of Takeover Bid. –
I. In the event the secretary of state shall schedule a public hearing or hearings or otherwise conduct an investigation pursuant to RSA 421-A:5, the secretary of state shall issue an order prohibiting an offeror from making or continuing with any takeover bid. Every person shall comply with every such order.
II. Following completion of a hearing pursuant to RSA 421-A:5 or the conclusion of his investigation conducted pursuant to such section, but in no event later than 55 days after the filing of a registration statement, the secretary of state shall determine whether the requirements of this chapter have been met and shall issue an order containing his conclusions and the reasons therefor. If the requirements of this chapter have been met, such order shall authorize the making or continuation of the takeover bid. If the secretary of state finds the requirements of this chapter have not been met, he shall by order prohibit the making or continuation of any takeover bid until such time as full compliance has been accomplished.
Source. 1977, 20:1. 1983, 144:5. 1988, 62:13. 1991, 355:89, I. 1992, 288:31, eff. July 1, 1992.