The holders of capital stock as such shall have no preemptive or preferential right to purchase or subscribe for any part of the unissued capital stock of the corporation of any class or for any new issue of stock of any class, whether now or hereafter authorized or issued, or to purchase or subscribe for any bonds or other obligations, whether or not convertible into stock of any class of the corporation, now or hereafter authorized or issued.
1957 c 896 s 13
Structure Minnesota Statutes
Chapters 300 - 323A — Business, Social, And Charitable Organizations
Chapter 301 — Development Corporations
Section 301.71 — Development Corporations.
Section 301.74 — Publication Of Certificate.
Section 301.75 — Additional Powers.
Section 301.76 — Capital Stock.
Section 301.78 — Nonstockholder Members.
Section 301.79 — Earned Surplus.
Section 301.80 — Limitations On Obligations.
Section 301.81 — Deposit Of Funds.
Section 301.82 — Supervision And Examination.
Section 301.83 — Rights Of Holders Of Capital Stock.
Section 301.84 — Obligations Are Legal Investments For Members.