subscription rights

subscription rights definition - legal

n

The contractual right of a shareholder in a corporation to buy additional shares of stock of the same kind that she currently holds if and when such are issued by the corporation, before that stock is offered to the general public. See also preemptive right.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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