Mass. Gen. Laws ch. 156D § 6.30

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 156D:6.30 - Shareholders' preemptive rights
(a) The shareholders of a corporation shall not have a preemptive right to acquire the corporation's unissued shares except to the extent the articles of organization or any contract to which the corporation is a party so provides.
(b) For purposes of this section, "shares" include a security convertible into or carrying a right to subscribe for or acquire shares.

Mass. Gen. Laws ch. 156D, § 6.30

Amended by Acts 2008, c. 451,§ 105, eff. 1/5/2009.
Added by Acts 2003, c. 127, § 17, eff. 7/1/2004.