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PART I. ADMINISTRATION OF THE GOVERNMENT

TITLE XXII. CORPORATIONS

CHAPTER 156D. BUSINESS CORPORATIONS

PART 6

SUBDIVISION C.

SUBSEQUENT ACQUISITION OF SHARES BY SHAREHOLDERS AND CORPORATION

Chapter 156D: 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, “share” includes a security convertible into or carrying a right to subscribe for or acquire shares.