PREEMPTIVE RIGHT

PREEMPTIVE RIGHT

preemptive right. A shareholder’s privilege to purchase newly issued stock ¡ª before the shares are offered to the public ¡ª in an amount proportionate to the shareholder’s current holdings in order to prevent dilution of the shareholder’s ownership interest. ? This right must be exercised within a fixed period, usu. 30 to 60 days. ¡ª Also termed subscription privilege. See SUBSCRIPTION RIGHT. Cf. rights offering under OFFERING. [Cases: Corporations 158. C.J.S. Corporations ¡ì¡ì 133¨C137.]
What is the legal translation of PREEMPTIVE RIGHT in Chinese?
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