N.Y. BSC Law § 514
This is the official text of N.Y. BSC Law § 514, part of New York’s BSC Law — part of the compiled statutory law of New York, published by the state as "BSC Law." Browse the sections below, each linked to its official government source.
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Agreements for purchase by a corporation of its own shares
Official statutory text
§ 514. Agreements for purchase by a corporation of its own shares.\n (a) An agreement for the purchase by a corporation of its own shares\nshall be enforceable by the shareholder and the corporation to the\nextent such purchase is permitted at the time of purchase by section 513\n(Purchase or redemption by a corporation of its own shares).\n (b) The possibility that a corporation may not be able to purchase its\nshares under section 513 shall not be a ground for denying to either\nparty specific performance of an agreement for the purchase by a\ncorporation of its own shares, if at the time for performance the\ncorporation can purchase all or part of such shares under section 513.\n
Status: in_force · Read it on the official government site
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