New York Business Corporation Law Section 1610 - Exclusions.

1610. Exclusions.
This article shall not apply when:
(a)  The offeror or the target company is a public utility or a public
  utility holding company as defined in section two of the "Public Utility
  Holding Company Act of 1935," (49 Stat.803, 15 U.S.C. 79),  as  amended,
  and  the  takeover bid is subject to approval by the appropriate federal
  agency as provided in such act;
(b) 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
  takeover bid is subject to approval by the appropriate federal agency as
  provided in such act;
(c)  The  offeror  or the target company is a savings and loan holding
  company as defined in section two  of  the  "Savings  and  Loan  Holding
  Company  Amendments of 1967," (82 Stat. 5, 12 U.S.C. 1730A), as amended,
  and the takeover bid is subject to approval by the  appropriate  federal
  agency as provided in such act;
(d) The offeror and the target company are banks and the offer is part
  of  a  merger  transaction subject to approval by appropriate federal or
  state supervisory authorities.

Last modified: February 3, 2019