N.J.S.A. 49:5-5 — Mailing shareholders; payment of expenses

49:5-5. Mailing shareholders; payment of expenses To the extent permitted by applicable Federal laws, rules and regulations, all notices of public hearings held pursuant to section 4 of this act shall be mailed by the target company to its shareholders within 5 business days after the target company has received such notification from the bureau chief. The cost of mailing shall be borne by the offeror making the filing. As security for the payment of such expenses, such offeror shall file with the bureau an acceptable bond or other deposit in an amount to be determined by the bureau. L.1977, c. 76, s. 5, eff. April 27, 1977.

This is the verbatim text of N.J.S.A. 49:5-5, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.