PORCUPINE PROVISION
porcupine provision. A clause in a corporation’s charter or bylaws designed to prevent a takeover without the consent of the board of directors. Cf. SHARK REPELLENT ; POISON PILL.
[Blacks Law 8th]
porcupine provision. A clause in a corporation’s charter or bylaws designed to prevent a takeover without the consent of the board of directors. Cf. SHARK REPELLENT ; POISON PILL.
[Blacks Law 8th]