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Texas Business Organizations Code - BUS ORG § 21.208. Preemptive Right in Existing Corporation

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 21.208. Preemptive Right in Existing Corporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-21-208/

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