SECTION 660:15-3-3. Summary suspension of take-over offer

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(a)   Pursuant to subsection D of Section 453 of the Take-over Act, the Administrator may summarily suspend the effectiveness of a take-over offer. Such an action shall be based solely upon a determination that:
(1)   the registration statement required to be filed under Section 453 of the Take-over Act does not contain all the information required to be included under subsection F of Section 453 of the Take-over Act; or
(2)   the take-over materials provided to offerees do not provide full disclosure to offerees of all material information concerning the take-over offer.
(b)   The summary suspension shall be in effect only until a final determination is made by the Administrator following the hearing held pursuant to subsection E of Section 453 of the Take-over Act and in accordance with 660:15-3-4.

                    
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