Examples of Interested Shares in a sentence

Interested shares are defined as:[T]he shares of an issuing public corporation beneficially owned by any of the following persons: (1) the acquiring person, (2) any officer of the issuing public corporation, or (3) any employee of the issuing public corporation who is also a director of the issuing public corporation.
Interested shares shall not be entitled to vote on the matter, and in determining whether a quorum exists, all interested shares shall be disregarded.
Subsection (5)(a) does not apply if the acquisition entitles any person (directly or indirectly, alone or as part of a group) to exercise or direct the exercise of voting power of the corporation in the election of directors in excess of the range of the voting power otherwise authorized.Amended by Chapter 106, 2000 General Session 61-6-4 "Interested shares" defined.

More Definitions of Interested Shares

Interested Shares means shares of the Trust that are beneficially owned by:

Interested Shares means Shares that are Beneficially Owned by:

Interested Shares means all outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors that are beneficially owned by any Person or Persons that is the direct or indirect Beneficial Owner of more than five percent (5%) of the aggregate voting power of the Corporation.

Interested Shares means the shares of a covered corporation beneficially owned by any of the following persons:

Interested Shares means shares of beneficial interest of the Trust in respect of which any of the following persons is entitled to exercise or direct the exercise of the voting power of shares of beneficial interest of the Trust in the election of Trust Managers: