District of Columbia Statutes
§ 29-304.41 — Corporation’s acquisition of its own shares.
District of Columbia § 29-304.41
JurisdictionDistrict of Columbia
Title 29Business Organizations. [Enacted title]
Ch. 3Business Corporations.
Subch. IVShares and Distributions.
Part CSubsequent Acquisition of Shares by Shareholders and Corporation.
This text of District of Columbia § 29-304.41 (Corporation’s acquisition of its own shares.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 29-304.41 (2026).
Text
(a)A corporation may acquire its own shares and shares so acquired shall constitute authorized but unissued shares.
(b)If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares shall be reduced by the number of shares acquired.
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Legislative History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
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Dual capacity.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 29-304.41, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/29-304.41.