2016 New York Laws
BNK - Banking
Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
Title 8 - (8001 - 8007) Amendments and Changes
8002 - Reduction of capital stock by amendment.
8002. Reduction of capital stock by amendment. A corporation may reduce its capital stock by an amendment of its organization certificate under section eight thousand one which:
1. Reduces the par value of any issued shares.
2. Changes issued shares under subdivision two (i) of section eight thousand one and results in a reduction of capital stock.
3. Eliminates from authorized shares, shares that have been issued and reacquired by the corporation.
Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
