{"data":{"id":"us-ri/r.i.-gen.-laws-7-5.2-2","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-5.2-2","heading":"Legislative findings.","body":"The general assembly finds and declares that:\n(1) The hostile takeover of publicly held domestic corporations by business combinations is generally not in the public interest;\n(2) A permissive statutory method should be established under which domestic, publicly owned corporations can have available methods to limit hostile takeovers; and\n(3) In determining whether a takeover, whether by way of tender offer or other acquisition proposal, is desirable, the board of directors of a domestic corporation can review and take into consideration any factors that affect the corporation’s employees, suppliers, creditors, customers, and the community in general.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 5.2 Business Combination Act"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-5.2/7-5.2-2.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:57:59Z","sha256":"b0c4e1cdb8a8dc66eb33f6aa65707e185e3b859e958a476c4667eb0477145acc","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-5.2-1","next":"us-ri/r.i.-gen.-laws-7-5.2-3"},"notice":"GroundRules: Original legal text. Not legal advice."}