Each takeover bid made in violation of the provisions of this chapter constitutes a separate offense. The commissioner may request the offeror to rescind the bid and to make restitution to the offeree, and if the offeror complies with the request no penalty may be imposed on the offeror on account of that illegal takeover bid.

Terms Used In North Dakota Code 26.1-06-07

  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.