Section 10A-2A-6.30 – Stockholders’ Preemptive Rights.

Section 10A-2A-6.30 Stockholders’ preemptive rights. (a) The stockholders of a corporation do not have a preemptive right to acquire the corporation’s unissued stock except to the extent the certificate of incorporation so provides. (b) A statement included in the certificate of incorporation that “the corporation elects to have preemptive rights” (or words of similar effect) […]

Section 10A-2A-6.31 – Corporation’s Acquisition of Its Own Stock.

Section 10A-2A-6.31 Corporation’s acquisition of its own stock. (a) A corporation may acquire its own stock, and, unless otherwise provided in the certificate of incorporation, stock so acquired constitutes authorized but unissued stock. (b) If the certificate of incorporation prohibits the reissue of the acquired stock, the number of authorized shares of stock is reduced […]