# Tenn. Code Ann. § 48-101-109: No preemptive rights respecting unissued stock

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-109

## Section

- **Citation:** Tenn. Code Ann. § 48-101-109
- **Heading:** No preemptive rights respecting unissued stock
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 48 / Chapter 101 / Section 48-101-109

## Text

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.

## Nearby sections

- [Tenn. Code Ann. § 48-101-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-101.md)
- [Tenn. Code Ann. § 48-101-102 Part definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-102.md)
- [Tenn. Code Ann. § 48-101-103 Persons entitled to incorporate - Certificate of incorporation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-103.md)
- [Tenn. Code Ann. § 48-101-104 Completion of corporate entity](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-104.md)
- [Tenn. Code Ann. § 48-101-105 Powers](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-105.md)
- [Tenn. Code Ann. § 48-101-106 First meeting and organization](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-106.md)
- [Tenn. Code Ann. § 48-101-107 Board of directors and officers](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-107.md)
- [Tenn. Code Ann. § 48-101-108 Right to purchase or transfer capital stock or obligations of corporation - Membership](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-108.md)
- [Tenn. Code Ann. § 48-101-109 No preemptive rights respecting unissued stock](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-109.md)
- [Tenn. Code Ann. § 48-101-110 Membership of financial institutions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-110.md)
- [Tenn. Code Ann. § 48-101-111 Duration of membership - Withdrawal](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-111.md)
- [Tenn. Code Ann. § 48-101-112 Powers of stockholders and members - Voting](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-112.md)
- [Tenn. Code Ann. § 48-101-113 Loans to the corporation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-113.md)
- [Tenn. Code Ann. § 48-101-114 Obligations of corporation are legal investments for members](https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T48_C101_S48-101-109. Check the current official text before relying on it. Not legal advice.