N.Y. Not-for-Profit Corporation Law 620 – Preemptive rights
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§ 620. Preemptive rights.
Terms Used In N.Y. Not-for-Profit Corporation Law 620
- Contract: A legal written agreement that becomes binding when signed.
There shall be no preemptive rights in relation to membership certificates or cards, capital certificates, subvention certificates, or bonds. In the case of bonds having lawful voting rights, this section shall not invalidate otherwise valid contract provisions designed to protect such voting rights.