Section 156D: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. Mass. Gen. Laws ch. 156D, § 6.30
Amended by Acts 2008, c. 451,§ 105, eff. 1/5/2009.Added by Acts 2003, c. 127, § 17, eff. 7/1/2004.