Definition of Acquire control


Acquire control or “acquiring control” means any act or conduct by a person whereby the person obtains control, whether accomplished through the ownership of equity or voting securities, ownership of rights to acquire equity or voting securities, by management or consulting agreements or other contract, by proxy or power of attorney, by statutory mergers, by consummation of a tender offer, by acquisition of assets, or otherwise.

Examples of Acquire control in a sentence

Acquire control of a company engaged in any phase of aeronautics (49 U.S.C. 40102, 41101, 41309).
Acquire control of a company engaged in any phase of aeronautics (49 U.S.C. Appx.
Any insurance company organized under the laws of this state may hereafter, with the approval of the director first obtained, (1) Organize any subsidiary insurance company in which it shall own and hold not less than a majority of the common stock; or (2) Acquire control of another insurance company by purchase, merger or otherwise, regardless of the domicile of any company so organized or acquired, for the purpose of operating any such company under a plan of common control.
Acquire control of another insurance company by purchase, merger or otherwise,5 regardless of the domicile of any company so organized or acquired, for the purpose of operating6 any such company under a plan of common control.7 2.
Acquire control of another insurance company by purchase, merger or otherwise [and hold not less than a majority of the stock of any other insurance company], regardless of the domicile of any company so organized or acquired, for the purpose of operating any such company under a plan of common control.