Tennessee Statutes
§ 48-101-109 — No preemptive rights respecting unissued stock
Tennessee § 48-101-109
JurisdictionTennessee
Title48
This text of Tennessee § 48-101-109 (No preemptive rights respecting unissued stock) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 48-101-109 (2026).
Text
No stockholder shall be entitled as of right to purchase or subscribe for any unissued stock of the corporation, whether now or hereafter authorized, or whether of a class not existing or of a class hereafter created, or to purchase or subscribe for any bonds, certificates of indebtedness, debentures, or other obligations convertible into stock of the corporation.
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Legislative History
Acts 1959, ch. 170, § 9; T.C.A., §§ 48-1709, 48-3-109.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
AdministrationCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 48-101-109, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/48-101-109.