State Codes and Statutes

Statutes > New-york > Bsc > Article-8 > 802

§ 802. Reduction of stated capital by amendment.    (a) A corporation may reduce its stated capital by an amendment of its  certificate   of   incorporation  under  section  801  (Right  to  amend  certificate of incorporation) which:    (1) Reduces the par value of any issued shares with par value.    (2) Changes issued shares under subparagraph (b) (11) of  section  801  that results in a reduction of stated capital.    (3) Removes  from  authorized  shares,  shares  that have been issued,  reacquired and cancelled by the corporation.    (b) This section shall not prevent a  corporation  from  reducing  its  stated capital in any other manner permitted by this chapter.

State Codes and Statutes

Statutes > New-york > Bsc > Article-8 > 802

§ 802. Reduction of stated capital by amendment.    (a) A corporation may reduce its stated capital by an amendment of its  certificate   of   incorporation  under  section  801  (Right  to  amend  certificate of incorporation) which:    (1) Reduces the par value of any issued shares with par value.    (2) Changes issued shares under subparagraph (b) (11) of  section  801  that results in a reduction of stated capital.    (3) Removes  from  authorized  shares,  shares  that have been issued,  reacquired and cancelled by the corporation.    (b) This section shall not prevent a  corporation  from  reducing  its  stated capital in any other manner permitted by this chapter.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bsc > Article-8 > 802

§ 802. Reduction of stated capital by amendment.    (a) A corporation may reduce its stated capital by an amendment of its  certificate   of   incorporation  under  section  801  (Right  to  amend  certificate of incorporation) which:    (1) Reduces the par value of any issued shares with par value.    (2) Changes issued shares under subparagraph (b) (11) of  section  801  that results in a reduction of stated capital.    (3) Removes  from  authorized  shares,  shares  that have been issued,  reacquired and cancelled by the corporation.    (b) This section shall not prevent a  corporation  from  reducing  its  stated capital in any other manner permitted by this chapter.