§ 1 Definitions
§ 2 Disclosure of terms of take-over bid; filing; hearing
§ 3 Acquisition of target company stock by offeror prior to take-over bid; disclosure requirements
§ 4 Information required to be filed
§ 5 Time for filing or delivering copies of solicitation materials
§ 6 Hearings and adjudications; time; deposits for costs; findings
§ 7 Unlawful practices; rights of resident shareholders; increasing terms of bid; minimum time of bid; withdrawal of deposited securities
§ 8 Banking or public utility corporations; copies of filed material furnished to regulatory body
§ 9 Civil liability of violators; rights and remedies; criminal provisions; injunctions
§ 10 Rules and regulations; promulgation; waiver of jurisdiction; delegation of authority
§ 11 Insurance companies; duties of commissioner of insurance
§ 12 Exemptions from chapter
§ 13 Severability

Terms Used In Massachusetts General Laws > Chapter 110C - Regulation of Take&Ndash;Over Bids in the Acquisition of Corporations

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interests: includes any form of membership in a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.