49:5-5. Mailing shareholders; payment of expenses
102 words·~1 min read·
/nj/title-49/chapter-5/49-5-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.