Home/Texas/Statutes/Code BO: Business Organizations Code/§ 21.205
Texas Statutes

§ 21.205 — WAIVER OF PREEMPTIVE RIGHT.

Texas § 21.205
JurisdictionTexas
Code BOBusiness Organizations Code

This text of Texas § 21.205 (WAIVER OF PREEMPTIVE RIGHT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tex. Business Organizations Code Code Ann. § 21.205 (2026).

Text

Sec. 21.205. WAIVER OF PREEMPTIVE RIGHT.

(a)A shareholder may waive a preemptive right granted to the shareholder.
(b)A written waiver of a preemptive right is irrevocable regardless of whether the waiver is supported by consideration.

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Legislative History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Nearby Sections

15
§ 21.002
DEFINITIONS.
§ 21.051
NO PROPERTY RIGHT IN CERTIFICATE OF FORMATION.
§ 21.052
PROCEDURES TO ADOPT AMENDMENT TO CERTIFICATE OF FORMATION.
§ 21.053
ADOPTION OF AMENDMENT BY BOARD OF DIRECTORS.
§ 21.054
ADOPTION OF AMENDMENT BY SHAREHOLDERS.
§ 21.055
NOTICE OF AND MEETING TO CONSIDER PROPOSED AMENDMENT.
§ 21.056
RESTATED CERTIFICATE OF FORMATION.
§ 21.057
BYLAWS.
§ 21.058
DUAL AUTHORITY.
§ 21.059
ORGANIZATION MEETING.
§ 21.101
SHAREHOLDERS' AGREEMENT.
§ 21.102
TERM OF AGREEMENT.
§ 21.103
DISCLOSURE OF AGREEMENT; RECALL OF CERTAIN CERTIFICATES.
§ 21.104
EFFECT OF SHAREHOLDERS' AGREEMENT.
§ 21.105
RIGHT OF RESCISSION; KNOWLEDGE OF PURCHASER OF SHARES.
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Bluebook (online)
Texas § 21.205, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/21.205.