Section 20: Pre-emptive rights
39 words·~1 min read·
/ma/part-i/title-xxii/chapter-156b/20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 20. No stockholder shall have any pre-emptive right to acquire stock of the corporation except to the extent provided in the articles of organization or in a by-law adopted by and subject to amendment only by the stockholders.