Quiz 29: Corporate Acquisitions and Multinational Corporations
State Antitakeover Statutes Apply to Corporations That Are Incorporated in the State
State antitakeover statutes apply to corporations that are incorporated in the state.
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Many state antitakeover statutes cover corporations that have their principal office in the state,have a certain percentage of its shareholders who are residents of the state,or have residents of the state who own a certain percentage of the corporation's stock.
Over one-half of the largest corporations in the United States have their articles of incorporation filed in the state of Delaware.
Delaware's legislature has provided a potent antitakeover statute in its corporation code.
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