{"data":{"id":"us-md/md.-code-corporations-and-associations-2-205","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 2–205","heading":"","body":"(a) For a corporation incorporated on or after October 1, 1995, unless the charter expressly grants such rights to the stockholder, a stockholder does not have any preemptive right to subscribe to:\n(1) Any additional issue of stock; or\n(2) Any security convertible into an additional issue of stock.\n(b) For a corporation incorporated before October 1, 1995, a stockholder shall have preemptive rights as and to the extent in existence before October 1, 1995, unless and until expressly changed or terminated by charter amendment.\n(c) (1) A stockholder to whom a preemptive right has been granted may waive the preemptive right.\n(2) A written waiver of a preemptive right is irrevocable even though it is not supported by consideration.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=2-205","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"c95d00ba4e60e3b08a78fea348d956124775b758f1c947b8d73e2afd3859989c","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-2-204","next":"us-md/md.-code-corporations-and-associations-2-206"},"notice":"GroundRules: Original legal text. Not legal advice."}