When any corporation organized under the provisions of this chapter or any corporation whose charter may be amended hereunder shall increase its capital stock its stockholders shall be given the preference of taking the increase in proportion to the amount of stock they may individually own.
HISTORY: 1962 Code Section 58-669; 1952 Code Section 58-669; 1942 Code Section 8190; 1932 Code Section 8190; Civ. C. '22 Section 4370; Civ. C. '12 Section 2884; Civ. C. '02 Section 1927; 1899 (23) 68.