Section 1530 - Preemptive rights of shareholders(a) General rule.--Except as otherwise provided in the articles, a business corporation may issue shares, option rights or securities having conversion or option rights, or obligations without first offering them to shareholders of any class or classes.(b) Cross references.--See sections 1525(e) (relating to shares subject to preemptive rights) and 2321(b) (relating to preemptive rights).1988, Dec. 21, P.L. 1444, No. 177, § 103, effective 10/1/1989. Amended 1990, Dec. 19, P.L. 834, No. 198, § 102, imd. effective; 1992, Dec. 18, P.L. 1333, No. 169, § 3, effective in 60 days.