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The federal right to regulate interstate commerce under the Commerce Clause of the U.S. Constitution has resulted in federal preemption of state labor laws.
http://legal-dictionary.thefreedictionary.com/Preemption
The right of current shareholders to maintain their fractional ownership of a company by buying a proportional number of shares of any future issue of common stock.
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preemptive right. n. the right of a shareholder in a corporation to have the first opportunity to purchase a new issue of stock of that corporation in proportion to the amount of stock already owned by the shareholder. (See: corporation, stock).
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Preemptive Right. The privilege of a stockholder to maintain a proportionate share of the ownership of a corporation by purchasing a proportionate share of any new stock issues.
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This Supremacy Clause has come to mean that the national government, in exercising any of the powers enumerated in the Constitution, must prevail over any conflicting or inconsistent state exercise of power. The federal preemption doctrine is a judicial response to the conflict between federal and state legislation. When it is clearly established that a federal law preempts a state law, the state law must be declared invalid.
http://legal-dictionary.thefreedictionary.com/Preemption
Preemption. A doctrine based on the Supremacy Clause of the U.S. Constitution that holds that certain matters are of such a national, as opposed to local, character that federal laws preempt or take precedence over state laws. As such, a state may not pass a law inconsistent with the federal law.
http://legal-dictionary.thefreedictionary.com/Preemption
YES NO 11 people found this helpful. “ The shareholders exercised their preemptive right, much to the chagrin of the corporate bosses who weren't thrilled with the clause in the charter which allowed this. ”.
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A doctrine of state law that holds that a state law displaces a local law or regulation that is in the same field and is in conflict or inconsistent with the state law.
http://legal-dictionary.thefreedictionary.com/Preemption
In international law. The right of pre-emption is the right of a nation to detain the merchandise of strangers passing through her territories or seas, in order to afford to her subjects the preference of purchase. 1 Chit. Com. Law, 103. In English law. The first buying of a thing.
http://thelawdictionary.org/pre-emption/
pre emption rights definition
Pre emption rights are defined as the right of a nation to detain the merchandise of strangers passing through her territories or seas, in order to afford to her subjects the preference of purchase.   The definition of pre emption right is the right of a nation to detain the merchandise of strangers passing through her territories or seas, in order to afford to her subjects the preference of purchase. 