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Indiana Administrative Code (Last Updated: December 20, 2016) |
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Title 710. SECURITIES DIVISION |
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Article 710IAC3. BUSINESS TAKEOVER OFFERS |
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Rule 710IAC3-1. General Provisions |
Section 710IAC3-1-2. Notice; appearances; objections
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(a) The hearing officer may require the offeror to provide notice of the takeover offer hearing to the shareholders of the target company. The notice may be by mail or may be published in each publication in an Indiana newspaper of general circulation in which the offeror had published the offer, unless the target company has published the offer.
(b) The hearing officer may by order establish a time within which any person desiring to become a party to the proceeding pursuant to IC 23-2-3.1-7(d) must file an appearance.
(c) The hearing officer may by order establish a time within which a party desiring to present evidence must file with the hearing officer.
(d) The hearing officer shall prohibit the participation in any proceeding of any person who does not comply with an order under subsections (b) through (c), unless good cause is shown why relief from an order should be granted. (Securities Division; 710 IAC 3-1-2; filed Aug 27, 1990, 4:10 p.m.: 14 IR 135; readopted filed May 31, 2002, 11:34 p.m.: 25 IR 3462; readopted filed Dec 2, 2008, 9:01 a.m.: 20081224-IR-710080819RFA; readopted filed Sep 23, 2015, 2:54 p.m.: 20151021-IR-710150280RFA)