Maryland Statutes
Subtitle 2 - Issuance of Securities
Section 2-205 - Preemptive Rights

(a)    For a corporation incorporated on or after October 1, 1995, unless the charter expressly grants such rights to the stockholder, a stockholder does not have any preemptive right to subscribe to:
        (1)    Any additional issue of stock; or
        (2)    Any security convertible into an additional issue of stock.
    (b)    For a corporation incorporated before October 1, 1995, a stockholder shall have preemptive rights as and to the extent in existence before October 1, 1995, unless and until expressly changed or terminated by charter amendment.
    (c)    (1)    A stockholder to whom a preemptive right has been granted may waive the preemptive right.
        (2)    A written waiver of a preemptive right is irrevocable even though it is not supported by consideration.

Structure Maryland Statutes