RENUNCIATION OF RIGHTS The action of a shareholder in not taking up new securities attached as a right to the shares he currently holds by renouncing such a right, by way of a form or letter of renunciation.
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In February 1989, John Paul II wrote a letter of renunciation to the Dean of the College of Cardinals, which said that he would resign from the papacy in one of two cases : if he had an incurable disease that would prevent him from exercising the apostolic ministry; or in case of a " severe and prolonged impairment " that would have kept him from being the pope.
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