Tex. Business Organizations Code § 21.208
This is the official text of Tex. Business Organizations Code § 21.208, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.208. PREEMPTIVE RIGHT IN EXISTING CORPORATION.
Official statutory text
Subject to the certificate of formation, a shareholder of a corporation incorporated before September 1, 2003, has a preemptive right to acquire unissued or treasury shares of the corporation to the extent provided by Sections 21.204, 21.206, and 21.207. After September 1, 2003, a corporation may limit or deny the preemptive right of the shareholders of the corporation by amending the corporation's certificate of formation.
Status: in_force · Read it on the official government site
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