Oklahoma § 71-421 - Exemptions

§ 71-421. Exemptions

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; and

5. 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.