§ 8-4-1-2 — Shareholders; preemptive rights

The shareholders of any railroad company, now
organized or to be organized under the laws of this state, shall have no
preemptive rights to subscribe to or purchase any additional issues of
shares of the capital stock of the corporation of any class nor any shares
of the corporation purchased or acquired by the corporation and not
canceled but held as treasury stock except to the extent, if any, that
such rights shall be fixed and stated in the articles of association.
Formerly: Acts 1852, 1RS, c.83, s.1a; Acts 1957, c.69, s.1. As
amended by P.L.136-2018, SEC.85.