15 Pennsylvania Consolidated Statutes § 1530 - Preemptive Rights Of Shareholders

§ 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).

Section: Previous  1523  1524  1525  1526  1527  1528  1529  1530  1531  1532  1551  1552  1553  1554  1571  Next

Last modified: October 8, 2016