230 R.I. Code R. 230-RICR-20-45-5.23
Current through December 3, 2024
It shall be unlawful for any director or officer of the issuer of an equity security to effect any foreign or domestic arbitrage transaction in any equity security or such issuer, unless he includes such transaction in the statements required by R.I. Gen. Laws § 27-1-29 and accounts to such issuer for the profits arising from such transaction, as provided in R.I. Gen. Laws § 27-1-30. The provisions of R.I. Gen. Laws § 27-1-31 shall not apply to such arbitrage transactions. The provisions of the act shall not apply to any bona fide foreign or domestic arbitrage transaction insofar as it is effected by any person other than such director or officer of the issuer of such security.
230 R.I. Code R. 230-RICR-20-45-5.23