Definition for : Pre-emption (right of)

The right of pre-emption clause gives a category of existing Shareholders or all existing Shareholders a priority right to acquire any shares offered for sale. Pre-emption right is also called Pre-emptive right or pre-emptive Subscription right.

(See Chapters Chapter 22 Shares and Chapter 40 Setting up a company or financing start-ups of the Vernimmen)

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