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15 percent shareholder Additional Information Department apply April April 27 assets bidder bill bylaw amendment charter or bylaw Code Ann commerce clause company's shares control share acquisition corporation may opt DATE ADOPTED Delaware duties EFFECTIVE DATE employee-directors employees exercise voting rights fair price criteria federal firms Freeze-out for five Freeze-out for three greenmail held within 50 holder Illinois In-state criteria incorporated Indiana interested shareholder Investor Responsibility Research July legislation legislature majority meets certain fair notifies a company Ohio Once a potential OPT-OUT PROVISION outstanding shares Pennsylvania percent acquisition unless Poison pill endorsement potential acquirer notifies proposed business protection Provisions Control share regulation Research Center Inc Responsibility Research Center Senate share acquisition law shareholders residing shares may exercise Stat Statute Was Adopted Statutory Provisions Control stock price Summaries of Statutory takeover law target target corporation tender offer Terms tion Type U.S. District Court U.S. Supreme Court Williams Act Wisconsin