Preemptive Right
Legal definition for Indian law research
Definition
preemptive right
1 : right of first refusal
2 : the right of a shareholder to buy shares of newly issued stock in proportion to existing holdings before a public offering is made in order to prevent dilution of ownership interest or seizure of majority control by management
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.