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The 189th General Court of the Commonwealth of Massachusetts

Section 6.30: Shareholders' preemptive rights

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.