{"data":{"id":"us-ca/corp-406","jurisdiction":"us-ca","citation":"CORP § 406","heading":"","body":"Unless the articles provide otherwise, the board may issue shares, options or securities having conversion or option rights without first offering them to shareholders of any class.","path":["Corporations Code - CORP","TITLE 1. CORPORATIONS [100. - 14707.]","DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","CHAPTER 4. Shares and Share Certificates [400. - 423.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"3ddee604ecf047d9ca07a1ddf6065586c3bd69a8d22b45bb2e04dd65a1c0c06d","source_id":"us-ca","stale":false,"prev":"us-ca/corp-405","next":"us-ca/corp-407"},"notice":"GroundRules: Original legal text. Not legal advice."}