{"data":{"id":"us-tx/tex.-business-organizations-code-21.208","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.208","heading":"PREEMPTIVE RIGHT IN EXISTING CORPORATION.","body":"Subject to the certificate of formation, a shareholder of a corporation incorporated before September 1, 2003, has a preemptive right to acquire unissued or treasury shares of the corporation to the extent provided by Sections 21.204, 21.206, and 21.207. After September 1, 2003, a corporation may limit or deny the preemptive right of the shareholders of the corporation by amending the corporation's certificate of formation.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2005, 79th Leg., Ch. 64 (H.B. 1319), Sec. 47, eff. January 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER E. SHAREHOLDER RIGHTS AND RESTRICTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.208","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"6dedc53be67e99c5b99c1dcc1161e4105510465459460fbe7454adb02748c031","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.207","next":"us-tx/tex.-business-organizations-code-21.209"},"notice":"GroundRules: Original legal text. Not legal advice."}