™Your Policy Risk Impact Agent
9 sections in this chapter.
N.C. Gen. Stat. § 75E-1 Definitions
0.6K chars
The following words and phrases as used in this Chapter shall have the following meanings unless the context clearly requires otherwise: (1) "Acquiring person statement" has the same meaning as G.S. 55-9A-02. (2) "Business combination" has the same meaning as G.S. 55-9-01(b)(1). …
N.C. Gen. Stat. § 75E-2 Unlawful activities in connection with business combinations and control share acquisitions
1.1K chars
It shall be unlawful for any person: (1) To consummate any business combination in violation of Article 9 of Chapter 55 of the General Statutes. (2) To make a control share acquisition without complying with the provisions of Article 9A of Chapter 55 of the General Statutes. (3) …
N.C. Gen. Stat. § 75E-3 Investigative and regulatory powers of the Attorney General
0.8K chars
The Attorney General may conduct such investigations as the Attorney General deems necessary to determine compliance by all persons or entities with the provisions of Articles 9 and 9A of Chapter 55 of the General Statutes; and the Attorney General may exempt from the provisions …
N.C. Gen. Stat. § 75E-4 Enforcement
1.4K chars
The Attorney General may institute a civil action to prevent or restrain violations of G.S. 75E-2. A person injured by a violation of G.S. 75E-2 may maintain an action for damages or for an injunction or both against any person who has committed the violation. The holders of the …
N.C. Gen. Stat. § 75E-5 Civil penalties
0.8K chars
In any suit instituted by the Attorney General in which the defendant is found to have violated G.S. 75E-2, the court may, in its discretion, impose a civil penalty against the defendant of not more than one hundred thousand dollars ($100,000) for each violation; provided that, i…
N.C. Gen. Stat. § 75E-6 Remedies cumulative
0.1K chars
The remedies provided in this Chapter are cumulative. (1991, c. 440.)
N.C. Gen. Stat. § 75E-7 Chapter not exclusive
0.1K chars
This Chapter shall not be deemed to supersede, restrict, or otherwise limit any other applicable laws of this State. (1991, c. 440.)
N.C. Gen. Stat. § 75E-8 Designation of Secretary of State for service
0.9K chars
Every nonresident person who is or is about to become the beneficial owner, directly or indirectly, of more than twenty percent (20%) of the voting shares of a corporation within the meaning of Article 9 of Chapter 55 or to make a control share acquisition, except a foreign corpo…
N.C. Gen. Stat. § 75E-9 Validity; saving clause
0.2K chars
In the event any provision or application of this Chapter shall be held illegal or invalid for any reason, such holding shall not affect the legality or validity of any other provision or application thereof. (1991, c. 440.)
