Texas Business Organizations Code 21.205 – Waiver of Preemptive Right
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(a) A shareholder may waive a preemptive right granted to the shareholder.
(b) A written waiver of a preemptive right is irrevocable regardless of whether the waiver is supported by consideration.
Terms Used In Texas Business Organizations Code 21.205
- written: means an expression of words, letters, characters, numbers, symbols, figures, or other textual information that is inscribed on a tangible medium or that is stored in an electronic or other medium that is retrievable in a perceivable form. See Texas Business Organizations Code 1.002