Under the Revised Act, if the charter simply states that the corporation elects to have preemptive rights, the shareholders have no preemptive rights with respect to:

A) shares issued as compensation to directors, officers, and employees.
B) shares issued within six months of incorporation.
C) the corporation's unissued shares.
D) Shares issued as compensation to directors, officers, and also employees and  shares issued within six months of incorporation.

Preemptive Rights

Rights given to existing shareholders to purchase additional shares in a company before new shares are offered to the public, in order to maintain their percentage of ownership.

Charter

A legal document giving a corporation or other organization its rights and privileges, or a charter can also refer to the authorization for a municipal corporation to operate.

Compensation

involves payment or remuneration provided to an individual or entity for loss, injury, or suffering, aiming to restore financial or emotional equilibrium.