Statute · New York Not-for-Profit Corporation Law
N.Y. Not-for-Profit Corp. Law § 620 — Preemptive rights
N.Y. Not-for-Profit Corp. Law § 620
- Type
- Statute
- Source
- New York Not-for-Profit Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 620. Preemptive rights.
Citator
N.Y. Not-for-Profit Corp. Law § 620 — Preemptive rights is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.