Tex. Bus. Org. Code § 21.208
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Subject to the certificate of formation, a shareholder of a corporation incorporated before September 1, 2003, has a preemptive right to acquire unissued or treasury shares of the corporation to the extent provided by Sections 21.204, 21.206, and 21.207. After September 1, 2003, a corporation may limit or deny the preemptive right of the shareholders of the corporation by amending the corporation's certificate of formation.
Tex. Bus. Org. Code § 21.208