N.Y. Not-For-Profit Corp. Law § 620

Current through 2024 NY Law Chapters 1-49, 52, and 61-117

Section 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.