§ 84. Application of corporate takeover law
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 70 P.S. Securities
70 P.S. § 84
§ 84. Application of corporate takeover law
This act does 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 Federal “Public Utility Holding Company Act of 1935,” 49 Stat. 803, 15 U.S.C. 79, as amended,1 and the takeover offer 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 subject to the Federal “Bank Holding Company Act of 1956,” 70 Stat. 133, 12 U.S.C. 1841, as amended, and the takeover offer is subject to approval by the appropriate Federal agency as provided in such act, or the target company is a bank or a bank holding company covered by section 112 of the act of November 30, 1965 (P.L. 847, No. 356),2 as amended, known as the “Banking Code of 1965.”
(3) The offeror or the target company is a savings and loan holding company as defined in section 2 of the Federal “Savings and Loan Holding Company Amendments of 1967,” 82 Stat. 5, 12 U.S.C. 1730A, as amended,3 and the takeover offer is subject to approval by the appropriate Federal agency as provided in such act.
Credits
1976, March 3, P.L. 42, No. 19, § 14, imd. effective.
Footnotes
15 U.S.C.A. § 79b (repealed).
7 P.S. § 112.
12 U.S.C.A. § 1730a (repealed).
40 P.S. § 361 et seq.
66 P.S. §§ 1101 to 1562 (repealed); see now, 66 Pa.C.S.A. § 101 et seq.
70 P.S. § 84, PA ST 70 P.S. § 84
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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