Business Combination Act
Rhode Island · Corporations, Associations, and Partnerships · §§ 7-5.2-1 to 7-5.2-8 · 8 sections
Overview
The Business Combination Act governs acquisitions of and changes in control of corporations, setting the conditions under which a corporation may be combined with or acquired by another party. Its central mechanism is an approval requirement for covered acquisitions, paired with definitions establishing which corporations and transactions fall within its reach and a set of exemptions that place others outside it. The act also confirms the validity of shareholder rights plans and addresses the duties a corporation and its directors owe when responding to an acquisition proposal.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- R.I. Gen. Laws § 7-5.2-1Short title
- R.I. Gen. Laws § 7-5.2-2Legislative findings
- R.I. Gen. Laws § 7-5.2-3Definitions
- R.I. Gen. Laws § 7-5.2-4Approval of acquisitions
- R.I. Gen. Laws § 7-5.2-5Exemptions
- R.I. Gen. Laws § 7-5.2-6Effect of invalidity of part of this chapter
- R.I. Gen. Laws § 7-5.2-7Validation of rights plans
- R.I. Gen. Laws § 7-5.2-8Duties in response to acquisition proposals
Enacted in other states
All Rhode Island named statutes →
Download
Copy
Embed on your site
Hover to preview · click to copy the code