§ 7-5-2-2

The general assembly finds and declares that: (1) The hostile takeover of publicly held domestic corporations by business combinations is generally not in the public interest; (2) A permissive statutory method should be established under which domestic, publicly owned corporations can have available methods to limit hostile takeovers; and (3) In determining whether a takeover, whether by way of tender offer or other acquisition proposal, is desirable, the board of directors of a domestic corporation can review and take into consideration any factors that affect the corporation’s employees, suppliers, creditors, customers, and the community in general. History of Section.P.L. 1990, ch. 138, § 1.