§ 2–205
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 2-205 (2026)
Title 2. Corporations in General -- Formation, Organization, and Operation
Subtitle 2. Issuance of Securities
§ 2–205LinkCopy Citation
(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.