N.Y. Business Corporation Law § 1610: Exclusions

§ 1610. Exclusions.

This article shall not apply when:

(a) The offeror or the target company is a public utility or a public

utility holding company as defined in section two of the "Public Utility

Holding Company Act of 1935," (49 Stat.803, 15 U.S.C. 79), as amended,

and the takeover bid is subject to approval by the appropriate federal

agency as provided in such act;

(b) The offeror or the target company is a bank or a bank holding

company as subject to the "Bank Holding Company Act of 1956," (70 Stat.

133, 12 U.S.C. 1841), and subsequent amendments thereto, and the

takeover bid is subject to approval by the appropriate federal agency as

provided in such act;

(c) The offeror or the target company is a savings and loan holding

company as defined in section two of the "Savings and Loan Holding

Company Amendments of 1967," (82 Stat. 5, 12 U.S.C. 1730A), as amended,

and the takeover bid is subject to approval by the appropriate federal

agency as provided in such act;

(d) The offeror and the target company are banks and the offer is part

of a merger transaction subject to approval by appropriate federal or

state supervisory authorities.