This first right of refusal is valid until ___________, for. The provisions of this bylaw may be waived with respect to any transfer by the corporation upon duly authorized action of the board of. Preemptive rights an option creates in its holder the power to compel the sale or transfer of a property interest. Web such action on the part of the right holder does not constitute a proper exercise of an rofr. Web right of first refusal in real estate allows interested parties the first chance to purchase a property.
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