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    • Legislation USA
    • 2021 Tennessee Code
    • Title 48 - Securities, Corporations and Associations
    • Chapter 101 - Special Purpose Corporations and Associations
    • Part 1 - Development Credit Corporation Act
    • § 48-101-109. No Preemptive Rights Respecting Unissued Stock

    2021 Tennessee Code
    Part 1 - Development Credit Corporation Act
    § 48-101-109. No Preemptive Rights Respecting Unissued Stock

    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.

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    Structure 2021 Tennessee Code

    2021 Tennessee Code

    Title 48 - Securities, Corporations and Associations

    Chapter 101 - Special Purpose Corporations and Associations

    Part 1 - Development Credit Corporation Act

    § 48-101-101. Short Title

    § 48-101-102. Part Definitions

    § 48-101-103. Persons Entitled to Incorporate — Certificate of Incorporation

    § 48-101-104. Completion of Corporate Entity

    § 48-101-105. Powers

    § 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

    § 48-101-116. Earned Surplus

    § 48-101-118. Supervision Over Corporation — Reports

    § 48-101-119. Amendment of Charter

    § 48-101-120. State Credit Not Pledged

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