Code · Pennsylvania · Title 15 — CORPORATIONS AND UNINCORPORATED ASSOCIATIONS · Chapter 15

§ 1530. Preemptive rights of shareholders.

87 words·~1 min read·/pa/title-15/chapter-15/1530

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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).

15c1530v

(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).

15c1531s