New Jersey § 49:5-19

§ 49:5-19.

a. If the target company is a financial institution subject to regulation by the Commissioner

of Banking, or a public utility corporation subject to regulation by the Board of

Public Utility Commissioners, or a transportation company subject to regulation by

the Commissioner of Transportation, the bureau chief shall promptly furnish a copy

of the registration statement filed under this act to the regulatory agency having

supervision of the target company. Any hearing under this act involving any such target company shall be held jointly

with the regulatory agency having supervision, and any determination following the

hearing shall be made jointly with that regulatory agency. b. If the target company is a public utility, public utility holding company, national

banking association, bank holding company, savings and loan association or savings

and loan holding company subject to regulation by a Federal agency and the takeover

of such company is subject to approval by that agency this act shall not apply. c. Where a takeover bid or takeover offer subject to the filing requirements of section

3 of this act 1 is also subject to similar laws of another state, or to review by Federal agencies,

or other State agencies; the bureau chief may, at his discretion, hold joint hearings

and otherwise cooperate with such State and Federal agencies, provided such cooperation

furthers the purposes of this act and does not impair the ability of the bureau chief

to proceed and make all requisite findings under section 4 of this act. 2 d. This act shall not apply to any offer involving a class vote by shareholders of

the target company, pursuant to its articles of incorporation or the applicable corporation

statute, on a merger, consolidation or sale of corporate assets in consideration of

the issuance of securities of another corporation, or sale of its securities in exchange

for cash or securities of another corporation. 1

N.J.S.A. § 49:5-3. 2

N.J.S.A. § 49:5-4.