(805 ILCS 35/22) (from Ch. 32, par. 1022)
Sec. 22.
The holders of capital stock as such shall have no preemptive or
preferential right to purchase or subscribe for any part of the unissued
capital stock of the corporation of any class or for any new issue of stock
of any class, whether now or hereafter authorized or issued, or to purchase
or subscribe for any bonds or other obligations, whether or not convertible
into stock of any class of the corporation, now or hereafter authorized or
issued.
(Source: Laws 1965, p. 577.)
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