1. The purchaser may demand before the court that the pre-emptor either exercises the right of pre-emption or waives their right thereto. If the pre-emptor responds to either option, they shall be bound by their response; failing which, the court shall declare the lapse of their right of pre-emption. 2. If the adjournment of the response is requested in order to deliberate on exercising or waiving the right, the purchaser may refuse such request. 3. A person intending to purchase may not request the pre-emptor to exercise or waive the right of pre-emption prior to the purchase. If such request is made prior to purchase and the pre-emptor declares waiver of the right, such waiver shall not be binding upon them.
Interpretation and application must be checked against the official text and current version.