General Laws of Massachusetts - Chapter 110C Regulation of Take-over Bids in the Acquisition of Corporations

• Massachusetts General Laws - Definitions - Chapter 110C, Section 1
  As used in this chapter the following words shall, unless the context otherwise requires, have the following meanings:— “Affiliate of an offeror”, any person controlling,...
• Massachusetts General Laws - Disclosure of terms of take-over bid; filing; hearing - Chapter 110C, Section 2
  No offeror shall make a take-over bid unless he announces publicly the terms of the proposed take-over bid, files with the secretary and the target...
• Massachusetts General Laws - Acquisition of target company stock by offeror prior to take-over bid; disclosure requirements - Chapter 110C, Section 3
  No offeror shall make a take-over bid if he and his associates and affiliates are directly or indirectly the beneficial owners of five per cent...
• Massachusetts General Laws - Information required to be filed - Chapter 110C, Section 4
  The information to be filed by the offeror with the secretary and the target company pursuant to section two shall include:— Copies of all prospectuses,...
• Massachusetts General Laws - Time for filing or delivering copies of solicitation materials - Chapter 110C, Section 5
  Copies of all advertisements, circulars, letters or other solicitation materials published by the offeror or the target company on or after the date that the...
• Massachusetts General Laws - Hearings and adjudications; time; deposits for costs; findings - Chapter 110C, Section 6
  Any hearing pursuant to this section shall be commenced within twenty days of the date a filing is made pursuant to section two. Adjudications made...
• Massachusetts General Laws - Unlawful practices; rights of resident shareholders; increasing terms of bid; minimum time of bid; withdrawal of deposited securities - Chapter 110C, Section 7
  It is unlawful for any offeror or target company or any affiliate or associate of an offeror or target company or any broker-dealer acting in...
• Massachusetts General Laws - Banking or public utility corporations; copies of filed material furnished to regulatory body - Chapter 110C, Section 8
  If the offeror or the target company is a banking corporation subject to regulation by the commissioner of banks, or a public utility corporation subject...
• Massachusetts General Laws - Civil liability of violators; rights and remedies; criminal provisions; injunctions - Chapter 110C, Section 9
  (a) Any offeror who purchases a security in connection with a take-over offer in violation of this chapter shall be liable to the person selling...
• Massachusetts General Laws - Rules and regulations; promulgation; waiver of jurisdiction; delegation of authority - Chapter 110C, Section 10
  (a) The secretary may, pursuant to section four hundred and twelve of chapter one hundred and ten A prescribe reasonable rules and regulations or issue...
• Massachusetts General Laws - Insurance companies; duties of commissioner of insurance - Chapter 110C, Section 11
  If the offeror or a target company is an insurance company subject to regulation under chapter one hundred and seventy-five to chapter one hundred and...
• Massachusetts General Laws - Exemptions from chapter - Chapter 110C, Section 12
  This chapter does not apply when:— (a) The offeror or the target company is a public utility or a public utility holding company as defined...
• Massachusetts General Laws - Severability - Chapter 110C, Section 13
  The provisions of this chapter are severable and if any such provision or the application of such provision to any person or circumstances shall be...

Last modified: September 11, 2015