502.215  Administration -- rules and orders.

1.  The administrator shall make and adopt rules and forms as the administrator determines are necessary to carry out the purposes of sections 502.211 through 502.218.

2.  The administrator may by rule or order exempt from any provision of sections 502.211 through 502.218 the following:

a.  A proposed takeover offer or a category or type of takeover offer which the administrator determines does not have the purpose or effect of changing or influencing the control of a target company.

b.  A proposed takeover offer for which the administrator determines that compliance with the sections is not necessary for the protection of the offerees.

c.  A person from the requirement of filing statements.

3.  In the event of a conflict between the provisions of chapter 17A and the provisions of sections 502.211 through 502.218, the provisions of sections 502.211 through 502.218 shall prevail.

Section History: Early form

  [C79, 81, § 502.215]

Section History: Recent form

  87 Acts, ch 53, § 7


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