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Definition of Preemptive right
1. Noun. The right granting to shareholders the first opportunity to buy a new issue of stock; provides protection against dilution of the shareholder's ownership interest.
Definition of Preemptive right
1. Noun. (legal) The right of shareholders to maintain a constant percentage of a company's shares by receiving a proportionate fraction of any new shares issued, thus preempting any dilution ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Preemptive Right
Literary usage of Preemptive right
Below you will find example usage of this term as found in modern and/or classical literature:
1. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1885)
"It does not appear that the grantors of the defendant ever contemplated the
acquisition of a preemptive right to the lands by their settlement; and, 2. ..."
2. The Historical Magazine and Notes and Queries Concerning the Antiquities by John Gilmary Shea, Henry Reed Stiles (1869)
"Mr. Phelps & myself did agree to admit your Brother Isaac to hold one sixtieth
part of the preemptive right (if we purchase) on the same terms we get it, ..."
3. Journal of the Constitutional Convention of the State of New York, 1915 by New York (State), New York (State)., 1915 Constitutional Convention (1915)
"The title, that is, the preemptive right to all these lands was originally vested in
... This title is what has been called the preemptive right — that is, ..."
4. Reports of Decisions in the Supreme Court of the United States: With Notes by Benjamin Robbins Curtis, United States Supreme Court, Richard Peters, Henry Wheaton, Alexander James Dallas, William Cranch, Benjamin C Howard (1870)
"It is by an entry made while the preemptive right had no existence. Considering this
question as being res integra, entirely unaffected by the decisions ..."
5. The Historical Magazine (1869)
"The quantity of Land in the preemptive right is Computed at four Million of Acres
exclusive of Messrs. Gorham & Phelps late purchase. ..."
6. Reports of Cases Argued and Determined in the Court of Chancery of the State by New York (State). Court of Chancery, New York (State), Court of Chancery (1838)
"... containing a reservation of mines and minerals and water privileges and a
preemptive right of purchase, covenanted to give to the purchaser a good and ..."
7. The Half Century: Or, A History of the Changes that Have Taken Place, and by Emerson Davis (1851)
"At the time of the adoption of the American constitution, the question arose,
whether this preemptive right belonged to the federal government or to the ..."
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