48-103-105 - Filing of solicitation materials. - Tennessee Statutes

48-103-105. Filing of solicitation materials.

(a)  Copies of all advertisements, circulars, letters or other materials of the offeror or the offeree company, soliciting or requesting the acceptance or rejection of the takeover offer, shall be filed with the commissioner and sent to the offeree company or offeror, respectively, not later than the time copies of such solicitation materials are first published or used or sent to offerees.

(b)  Solicitation materials used in connection with a takeover offer shall not contain any false statement of a material fact or omit to state a material fact necessary to make any statement made therein not misleading. The commissioner may by rule or order prohibit the use of any solicitation material deemed by the commissioner to be false or misleading.

[Acts 1976, ch. 536, § 2; T.C.A., §§ 48-2105, 48-5-105, 48-35-105.]