No stockholder shall be entitled as of right to purchase or subscribe for any unissued stock of the corporation, whether now or hereafter authorized, or whether of a class not existing or of a class hereafter created, or to purchase or subscribe for any bonds, certificates of indebtedness, debentures, or other obligations convertible into stock of the corporation.
Structure 2021 Tennessee Code
Title 48 - Securities, Corporations and Associations
Chapter 101 - Special Purpose Corporations and Associations
Part 1 - Development Credit Corporation Act
§ 48-101-102. Part Definitions
§ 48-101-103. Persons Entitled to Incorporate — Certificate of Incorporation
§ 48-101-104. Completion of Corporate Entity
§ 48-101-109. No Preemptive Rights Respecting Unissued Stock
§ 48-101-110. Membership of Financial Institutions
§ 48-101-111. Duration of Membership — Withdrawal
§ 48-101-113. Loans to the Corporation
§ 48-101-114. Obligations of Corporation Are Legal Investments for Members
§ 48-101-115. Limit on Total Obligations
§ 48-101-118. Supervision Over Corporation — Reports