New York Preemptive Rights.

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  § 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.