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§ 23-2-3-1-8-4 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 2 - Securities and Franchises/
  6. Chapter 3.1 - Takeover Offers23-2-3.1-0.5. Legislative Finding; Purpose/
  7. § 23-2-3-1-8-4
Indiana Legal Code

§ 23-2-3-1-8-4

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No offeror may acquire in any manner any equity security of any class of a target company at any time within two (2) years following the conclusion of a takeover offer with respect to that class, including but not limited to acquisitions made by purchase, exchange, merger, consolidation, partial or complete liquidation, redemption, reverse stock split, and any other recapitalization or reorganization, unless the holder of that equity security is also afforded, at the time of that acquisition, a reasonable opportunity to dispose of that security to the offeror upon substantially equivalent terms.As added by P.L.242-1983, SEC.6.