{"code":"CORP","codeName":"Corporations Code","section":"406","citation":"Corp. Code, § 406","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","url":"https://blackletter.si/corporations-code/title-1/division-1"},{"name":"CHAPTER 4. Shares and Share Certificates [400. - 423.]","url":"https://blackletter.si/corporations-code/title-1/division-1/chapter-4"}],"history":"Added by Stats. 1975, Ch. 682.","effective":null,"html":"<p>Unless the articles provide otherwise, the board may issue shares, options or securities having conversion or option rights without first offering them to shareholders of any class.</p>","text":"Unless the articles provide otherwise, the board may issue shares, options or securities having conversion or option rights without first offering them to shareholders of any class.","otherVersions":[],"url":"https://blackletter.si/corporations-code/shares-and-share-certificates-406","source":"California Legislative Information bulk export (pubinfo)"}