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Pre-emptive right may be denied to a stockholder ____________.a.At the discretion of the board of directorsb.By the articles of incorporation or by amending the articles of incorporationc.By the by-laws of the corporationd.By the vote of 2/3 of all shareholders

Question

Pre-emptive right may be denied to a stockholder ____________.a.At the discretion of the board of directorsb.By the articles of incorporation or by amending the articles of incorporationc.By the by-laws of the corporationd.By the vote of 2/3 of all shareholders

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Solution

Pre-emptive right may be denied to a stockholder by the articles of incorporation or by amending the articles of incorporation. So, the correct answer is b. By the articles of incorporation or by amending the articles of incorporation.

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