N.Y. BNK Law § 8002
This is the official text of N.Y. BNK Law § 8002, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Reduction of capital stock by amendment
Official statutory text
§ 8002. Reduction of capital stock by amendment. A corporation may\nreduce its capital stock by an amendment of its organization certificate\nunder section eight thousand one which:\n 1. Reduces the par value of any issued shares.\n 2. Changes issued shares under subdivision two (i) of section eight\nthousand one and results in a reduction of capital stock.\n 3. Eliminates from authorized shares, shares that have been issued and\nreacquired by the corporation.\n
Status: in_force · Read it on the official government site
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