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  • SECTION 619
    Agreements by members as to voting
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  • ARTICLE 6
    Members
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  • SECTION 621
    Books and records; right of inspection; prima facie evidence
    • This entry was published on 2014-09-22
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    SECTION 620

    Preemptive rights

    Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 6

    § 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.