10-2701. Definitions In this chapter, unless the context otherwise requires: 1. " Acquiring person" means a person that makes or proposes to make a control share acquisition. If two or more persons act as a partnership, syndicate or other group pursuant to any agreement, arrangement, relationship, understanding or otherwise, whether or not in writing, for […]
10-2702. Duties of director In discharging the duties of the position of director under this chapter, a director of an issuing public corporation, in considering the best interests of the corporation, shall consider the long-term as well as the short-term interests of the corporation and its shareholders including the possibility that these interests may be […]
10-2703. Special meetings of shareholders A. Special meetings of the shareholders of issuing public corporations may be called for any purpose or purposes under this chapter at any time by any of the following: 1. The president. 2. The secretary. 3. Two or more directors. 4. A person authorized in the articles of incorporation or […]
10-2704. Limitation on share repurchases; definition A. An issuing public corporation shall not, directly or indirectly, purchase or agree to purchase any shares from a beneficial owner of more than five per cent of the voting power of the issuing public corporation for more than the average market price of the shares if the shares […]
10-2705. Compensation agreements During any tender offer or request or invitation for tenders of any class or series of shares of an issuing public corporation, other than an offer, request or invitation by the issuing public corporation, the issuing public corporation shall not enter into or amend, directly or indirectly, agreements containing provisions, whether or […]
10-2706. Application A. This chapter applies only to issuing public corporations and to corporations which elect pursuant to subsection C of this section to be subject to: 1. All of the provisions of this article. 2. All of the provisions of article 2 of this chapter. 3. All of the provisions of article 3 of […]
