§ 7-5.2-2 Legislative findings. – The general assembly finds and declares that:
(1) The hostile takeover of publicly held domestic corporations by business combinations is generally not in the public interest;
(2) A permissive statutory method should be established under which domestic, publicly owned corporations can have available methods to limit hostile takeovers; and
(3) In determining whether a takeover, whether by way of
tender offer or other acquisition proposal, is desirable, the board of
directors of a domestic corporation can review and take into consideration any
factors that affect the corporation's employees, suppliers, creditors,
customers, and the community in general.
(P.L. 1990, ch. 138, § 1.)