It shall be unlawful for any person:

(1)        To consummate any business combination in violation of Article 9 of Chapter 55 of the N.C. Gen. Stat..

(2)        To make a control share acquisition without complying with the provisions of Article 9A of Chapter 55 of the N.C. Gen. Stat..

(3)        To make any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, or to engage in any fraudulent, deceptive, or manipulative acts or practices, in connection with:? (i) the application of Article 9 of Chapter 55 of the N.C. Gen. Stat. to any business combination or to the acquisition of beneficial ownership, directly or indirectly, of more than twenty percent (20%) of the voting shares of a corporation within the meaning of Article 9; or (ii) the application of Article 9A of Chapter 55 of the N.C. Gen. Stat. to any control share acquisition.

(4)        To willfully and knowingly aid or abet any other person to engage in conduct which is prohibited by this Chapter.? (1991, c. 440.)

Terms Used In North Carolina General Statutes 75E-2

  • 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.
  • Person: includes "entity" (as that term is defined in N. See North Carolina General Statutes 75E-1
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
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