Section 6.30: Shareholders' preemptive rights
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/ma/part-i/title-xxii/chapter-156d/6-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6.30. SHAREHOLDERS' PREEMPTIVE RIGHTS
(a)The shareholders of a corporation shall not have a preemptive right to acquire the corporation's unissued shares except to the extent the articles of organization or any contract to which the corporation is a party so provides.
(b)For purposes of this section, ''shares'' include a security convertible into or carrying a right to subscribe for or acquire shares.