pre-emption law

pre-emption law
pre|emp|tion or pre-emp|tion «pree EHMP shuhn», noun.
1. U.S. and Canada. the act or right of purchasing before others or in preference to others: »

It is neither right nor legal that Mr. Hardy's preemption should gobble up over 250 acres of hay lands (Regina Journal).

2. the act of seizing or taking possession beforehand; appropriation before others: »

... Federal preemption of the avocado problem (New York Times).

3. the act or fact of displacing; replacement: »

Sale of network time to candidates involves pre-emption of better paying advertisers (Frank Stanton).

[< pre- + Latin ēmptiō, -ōnis buying < emere to buy]
preemption or pre-emption law,
a law that blocks passage of certain ordinances in a local area: »

Four states passed pre-emption laws…[to] forbid cities and counties from enacting local gun-control measures (Investor's Business Daily).

Useful english dictionary. 2012.

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Look at other dictionaries:

  • pre-emption rights — Where a company proposes to issue new shares, existing shareholders may have the right to be offered a pro rata part of the new shares before they are offered to a new shareholder. The rights are contained either in the Articles of Association or …   Law dictionary

  • Pre-emption Group Guidelines — Voluntary guidelines produced by representatives of listed companies, investment institutions and corporate finance practitioners. They relate to issues of equity securities for cash other than on a pro rata basis, setting out the extent to which …   Law dictionary

  • pre-emption agreement — Standard document England, Wales A pre emption agreement for use where a buyer wants the opportunity to buy a property in the event of the seller deciding to dispose of it during an agreed period. It is drafted from the point of view of the buyer …   Law dictionary

  • pre-emption clause — a clause usually found in the articles of private companies designed to restrict the opportunities of shares being sold outside a prescribed group of people. Essentially, the clause provides that no shares are to be transferred to any person who… …   Law dictionary

  • pre-emption — 1. the right of buying before anyone else. 2. in international law, the right of a state to buy the property of another power in transit over its territory (or allow its own nationals to buy it). 3. in the USA, laws passed from 1841 onward… …   Law dictionary

  • Pre-emption right — A pre emption right is a right to acquire certain property in preference to any other person. It usually refers to property newly coming into existence. A right to acquire existing property in preference to any other person is usually referred to …   Wikipedia

  • pre-emption rights — When a UK company issues new shares, it is obliged by law to give existing shareholders the opportunity to purchase the new shares on a pro rata basis to their existing shareholding in the company. This right is usually implemented by means of a… …   Financial and business terms

  • right of pre-emption — Also known as a right of first refusal. This is the right to be offered a property first, should the owner decide to dispose of it. Such a right may be agreed expressly between parties, or it may arise under statute. A right of pre emption will… …   Law dictionary

  • statutory pre-emption rights — See pre emption rights. Related links pre emption rights Practical Law Dictionary. Glossary of UK, US and international legal terms. 2010 …   Law dictionary

  • pre-emption rights — A principle, established in company law, according to which any new shares issued by a company must first be offered to the existing shareholders as the legitimate owners of the company. To satisfy this principle a company must write to every… …   Accounting dictionary

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