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Preemptive rights of shareholders - 15 Pa. Cons. Stat. § 1530

Legal Research Home > Pennsylvania Statutes



     § 1530.  Preemptive rights of shareholders.
        (a)  General rule.--Except as otherwise provided in the
     articles, a business corporation may issue shares, option rights
     or securities having conversion or option rights, or obligations
     without first offering them to shareholders of any class or
     classes.
        (b)  Cross references.--See sections 1525(e) (relating to
     shares subject to preemptive rights) and 2321(b) (relating to
     preemptive rights).
     (Dec. 19, 1990, P.L.834, No.198, eff. imd.; Dec. 18, 1992,
     P.L.1333, No.169, eff. 60 days)

        1992 Amendment.  Act 169 amended subsec. (b).

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Last modified: November 27, 2007