§415A-7 - Right of corporation to acquire its own shares.

[§415A-7]  Right of corporation to acquireits own shares.  A professional corporation may purchase its own sharesfrom a disqualified person without regard to the availability of capital orsurplus for such purchase; provided no purchase of or payment for its ownshares shall be made at a time when the corporation is insolvent or when suchpurchase or payment would make it insolvent. [L 1985, c 259, pt of §1]