Tennessee Statutes
§ 48-101-109 — No preemptive rights respecting unissued stock
Tennessee·Title 48
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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Tennessee § 48-101-109 (No preemptive rights respecting unissued stock) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
Administration