Yes, but to remove their preemptive right, if not already excluded, he would have to notify shareholders in advance. We need to look at the articles to see if this right had always been excluded, or if it was changed recently without notification to shareholders. Majority gives him the right to do what he wants with the articles, but just like credit cards you have to be notified in anvance. When you buy a share, the articles of incorporation are the contract stating what that share is, and what rights come with it. With majority, he can amend your rights, but not with out advanced notification. It's the equivilent of the amending of a legal contract. You have to be given an opportunity to protect yourself, and decide if you want to be party to the new contract.
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