Title 61, Title 61: Securities Division - Real Estate Division

61-6-2. "Control shares" defined. (1) As used in this chapter, "control shares" means shares that except for this chapter would have voting power with respect to shares of an issuing public corporation that, when added to all other shares of the issuing public corporation owned b…

61-6-3. Control share acquisition" defined. " (1) As used in this chapter, "control share acquisition" means: the acquisition, directly or indirectly, by any person of ownership of issued and outstanding control shares; or the acquisition of power to direct the exercise of voting…

61-6-4. "Interested shares" defined. (1) As used in this chapter, "interested shares" means the shares of an issuing public corporation in respect of which any of the following persons may exercise or direct the exercise of the voting power of the corporation, on or after the app…

61-6-5. Issuing public corporation defined. (1) As used in this chapter, "issuing public corporation" means a corporation, other than a depository institution, that is organized under the laws of this state and that has: 100 or more shareholders; its principal place of business, …

61-6-6. Optional exemption from this chapter. A corporation's articles of incorporation or bylaws may provide that this chapter does not apply to control share acquisitions of shares of the corporation. To be effective, any such provision must have been adopted prior to the contr…

61-6-7. Statement by acquiring person. Any person who proposes to make or has made a control share acquisition may deliver an acquiring person statement to the issuing public corporation at the issuing public corporation's principal office. The acquiring person statement shall se…

61-6-8. Special meetings to consider voting rights -- Time limits -- Annual meetings. (1) Upon delivery of an acquiring person statement under Section, an acquiring person may request a special meeting of shareholders if the acquiring person gives an undertaking to pay the corpor…

61-6-9. Notice of special or annual meetings to consider voting rights. (1) If a special meeting is requested, notice of the special meeting of shareholders shall be given as promptly as reasonably practicable by the issuing public corporation to all shareholders of record as of …