28-13-3-1. Unissued Shares; Acquisition Rights Subject to Articles of Incorporation

Sec. 1. The shareholders of a corporation do not have a preemptive right to acquire the corporation’s unissued shares except to the extent the articles of incorporation so provide. As added by P.L.14-1992, SEC.163.

28-13-3-2. Security Convertible Into or Carrying Right to Subscribe for or Acquire Shares; Election to Have Preemptive Rights; Applicable Principles

Sec. 2. (a) For purposes of sections 1 and 2 of this chapter, “shares” includes a security convertible into or carrying a right to subscribe for or acquire shares. (b) A statement included in the articles of incorporation that “the corporation elects to have preemptive rights” (or similar words) means that the following principles apply […]

28-13-3-3. Acquisition of Own Shares by Corporation; Reduction of Authorized Shares; Contents of Articles; Treasury Shares; Unlawful Reduction of Shares Producing Insolvency

Sec. 3. (a) A corporation may acquire its own shares pursuant to an adopted resolution that is submitted to and approved by the director prior to such acquisition of shares. Unless a resolution of the board of directors or the corporation’s articles of incorporation provide otherwise, shares so acquired constitute authorized but unissued shares. (b) […]