New York Not-For-Profit Corporation Law Section 620 - Preemptive rights.

620. Preemptive rights.

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.


Last modified: February 3, 2019