This act shall not apply when: 1. The offeror or the target company is a public utility or a public utility holding company as defined in Section 2 of the 'Public Utility Holding Company Act of 1935,' 49 Stat. 803, 15 U.S.C. 79, as amended, and the multinational corporation take-over bid is subject to approval by the appropriate federal agency as provided in such act;2. The offeror or the target company is a bank or a bank holding company as subject to the 'Bank Holding Company Act of 1956,' 70 Stat. 133, 12 U.S.C. 1841, and subsequent amendments thereto, and the multinational corporation take-over bid is subject to approval by the appropriate federal agency as provided in such act;3. The offeror or the target company is a savings and loan holding company as defined in Section 2 of the 'Savings and Loan Holding Company Amendments of 1967,' 82 Stat. 5, 12 U.S.C. 1730A, as amended, and the multinational corporation take-over bid is subject to approval by the appropriate federal agency as provided in such act;4. The offeror and the target company are banks and the offer is part of a merger transaction subject to approval by appropriate federal supervisory authorities; and5. agency as provided in such act;4. The offeror and the target company are banks and the offer is part of a merger transaction subject to approval by appropriate federal supervisory authorities; and5. The offeror or target company is an insurance company regulated under the Oklahoma Insurance Code.Added by Laws 1980, c. 300, § 8, emerg. eff. June 12, 1980.
Oklahoma Legal Code