409.551. Exceptions. - Missouri Statutes

Exceptions.

409.551. Sections 409.500 to 409.566 shall not apply when:

(1) The offeror or the target company is a public utility ora public utility holding company as defined in section 2 of thePublic Utility Holding Company Act of 1935, (49 Stat. 803, 15U.S.C. 79), as amended, and the takeover bid is subject toapproval by the appropriate federal agency as provided in suchact;

(2) The offeror or the target company is a bank or a bankholding company as subject to the Bank Holding Company Act of1956, (70 Stat. 133, 12 U.S.C. 1841), and subsequent amendmentsthereto, and the takeover bid is subject to approval by theappropriate federal agency as provided in such act;

(3) The offeror or the target company is a savings and loanholding company as defined in section 2 of the Savings and LoanHolding Company Amendments of 1967, (82 Stat. 5, 12 U.S.C.1730A), as amended, and the takeover bid is subject to approvalby the appropriate federal agency as provided in such act;

(4) The offeror and the target company are banks and theoffer is part of a merger transaction subject to approval byappropriate federal or state supervisory authorities.

(L. 1986 H.B. 1667)