75-76-245 - State policy with respect to corporate acquisitions; repurchases of securities and corporate recapitalizations.
§ 75-76-245. State policy with respect to corporate acquisitions; repurchases of securities and corporate recapitalizations.
The policy of the State of Mississippi with respect to corporate acquisitions, repurchases of securities and corporate recapitalizations affecting corporate licensees and publicly traded corporations that are affiliated companies is to:
(a) Assure the financial stability of corporate licensees and affiliated companies;
(b) Preserve the beneficial aspects of conducting business in the corporate form; and
(c) Promote a neutral environment for the orderly governance of corporate affairs that is consistent with the public policy of this state concerning gaming.
Sources: Laws, 1990 Ex Sess, ch. 45, § 124, eff from and after passage (approved June 29, 1990).