ADMINISTRATION OF THE GOVERNMENT (Chapters 1 through 182)
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.