No preemptive rights respecting unissued stock
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TN Code › Title 48 › Chapter 101 › Section 48-101-109
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No stockholder shall be entitled as of right to purchase or subscribe for any unissued stock of the corporation, whether now or hereafter authorized, or whether of a class not existing or of a class hereafter created, or to purchase or subscribe for any bonds, certificates of indebtedness, debentures, or other obligations convertible into stock of the corporation. Acts 1959, ch. 170, § 9; T.C.A., §§ 48-1709, 48-3-109.
No stockholder shall be entitled as of right to purchase or subscribe for any unissued stock of the corporation, whether now or hereafter authorized, or whether of a class not existing or of a class hereafter created, or to purchase or subscribe for any bonds, certificates of indebtedness, debentures, or other obligations convertible into stock of the corporation.
Acts 1959, ch. 170, § 9; T.C.A., §§ 48-1709, 48-3-109.
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