Texas Business Organizations Code - Section 21.208. Preemptive Right In Existing Corporation
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§ 21.208. PREEMPTIVE RIGHT IN EXISTING
CORPORATION. Subject to the certificate of formation, a
shareholder of a corporation incorporated before September 1, 2003,
has a preemptive right to acquire unissued or treasury shares of the
corporation to the extent provided by Sections 21.204, 21.206, and
21.207. After September 1, 2003, a corporation may limit or deny
the preemptive right of the shareholders of the corporation by
amending the corporation's certificate of formation.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by
Acts 2005, 79th Leg., ch. 64, § 47, eff. Jan. 1, 2006.
Section: 21.201 21.202 21.203 21.204 21.205 21.206 21.207 21.208 21.209 21.210 21.211 21.212 21.213 21.214 21.215
Last modified: August 11, 2007
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