§ 79-25-1. Short title

This chapter may be cited as the “Mississippi Shareholder Protection Act”.

§ 79-25-3. Definitions

In Sections 79-25-3 through 79-25-9, the following terms have the meanings ascribed herein: “Affiliate,” including the term “affiliated person,” means a person that, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, a specified person. “Announcement date” means the first general public announcement of the […]

§ 79-25-5. Voting requirements

In addition to any vote otherwise required by law, by the certificate of incorporation of the corporation, or by the bylaws of the corporation, a business combination shall be approved by the affirmative vote of at least: Eighty percent (80%) of the votes entitled to be cast by outstanding shares of voting stock of the […]

§ 79-25-7. Exceptions to voting requirements

The provisions of Section 79-25-5 shall not apply to a business combination involving receipt of consideration in exchange for or in respect of the corporation’s stock or assets in the circumstances specified in subsection (b) or (c) of this section or to a corporation meeting one (1) of the requirements of subsection (d) of this […]

§ 79-25-9. Severability

In the event that any portion or provision of the Mississippi Shareholder Protection Act (Sections 79-25-1 et seq.) is void, invalid, invalidated or otherwise found to be unenforceable for any reason, such portion or provision shall be deleted from the act and each and all of the remaining portions or provisions of the act shall […]