Find Laws Find Lawyers Free Legal Forms USA State Laws

MARYLAND STATUTES AND CODES

Section 7-305 - Invitations for tenders and agreements.

§ 7-305. Invitations for tenders and agreements.
 

(a)  Filing with Commissioner required.- At the time a person files the statement required by § 7-304 of this subtitle, the person shall: 

(1) file with the Commissioner: 

(i) all invitations for tenders or advertisements making a tender offer or inviting tenders of voting securities of the domestic insurer or insurance holding company controlling the domestic insurer made by or for the person; and 

(ii) any agreement to: 

1. exchange or otherwise acquire securities of the domestic insurer or insurance holding company controlling the domestic insurer; or 

2. merge with or otherwise acquire control of the domestic insurer or insurance holding company controlling the domestic insurer; and 

(2) send to the domestic insurer or insurance holding company controlling the domestic insurer: 

(i) copies of the documents specified in item (1) of this subsection; and 

(ii) any information contained in the statement filed under § 7-304 of this subtitle that the Commissioner requires by regulation. 

(b)  Requirements for additional materials and amendments.-  

(1) By regulation, the Commissioner may set requirements that the Commissioner considers necessary or appropriate in the public interest or for the protection of policyholders for the contents of: 

(i) additional materials inviting tender offers after the initial invitations; and 

(ii) amendments to agreements described in subsection (a)(1)(ii) of this section. 

(2) The additional materials and amendments shall contain the information that the Commissioner requires. 

(3) The person required to file a statement under § 7-304 of this subtitle shall file with the Commissioner the additional materials and amendments required by paragraph (1) of this subsection and send copies to the domestic insurer or insurance holding company controlling the domestic insurer no later than the date that: 

(i) copies of the material are first published or sent or given to security holders; or 

(ii) the amendment is entered into. 
 

[An. Code 1957, art. 48A, § 494; 1995, ch. 36.] 
 

Maryland Forms by Issue

Maryland Abortion Forms
Maryland Administration/Filing Fees Forms
Maryland Business Forms
Maryland Court Forms
> Criminal
> DUI
> Probate
> Civil (District)
> Mediation
> Small Claims
Maryland Divorce Forms
Maryland Expungement Forms
Maryland Family Forms
Maryland Guardianship Forms
Maryland Gun Forms
Maryland Name Change Forms
Maryland Other Forms
Maryland Tax Forms

Maryland Law

Maryland State Laws
    > Maryland Child Support
    > Maryland Gun Law
    > Maryland Statutes
Maryland Court
    > District Court of Maryland
    > Maryland Court Cases
    > Maryland Court Records
    > Maryland Judiciary
    > Maryland Judiciary Case Search
    > Mcculloch v. Maryland
Maryland Tax
    > Maryland State Tax
Maryland Labor Laws
    > Maryland Unemployment
Maryland Agencies
    > Maryland Department of Assessments and Taxation
    > Maryland Department of Motor Vehicles
    > Maryland State Police

Maryland Court Map

Tips