New York § 8002 Reduction of capital stock by amendment

New York Statutes

§ 8002 — Reduction of capital stock by amendment

New York § 8002

Law BNKBanking

Title 8Amendments and Changes

Art. 15General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies

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Bluebook

N.Y. Banking § 8002 (2026).

Text

  § 8002. Reduction of capital stock by amendment. A corporation may\nreduce its capital stock by an amendment of its organization certificate\nunder section eight thousand one which:\n  1. Reduces the par value of any issued shares.\n  2. Changes issued shares under subdivision two (i) of section eight\nthousand one and results in a reduction of capital stock.\n  3. Eliminates from authorized shares, shares that have been issued and\nreacquired by the corporation.\n

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§ 8002. Reduction of capital stock by amendment. A corporation may\nreduce its capital stock by an amendment of its organization certificate\nunder section eight thousand one which:\n 1. Reduces the par value of any issued shares.\n 2. Changes issued shares under subdivision two (i) of section eight\nthousand one and results in a reduction of capital stock.\n 3. Eliminates from authorized shares, shares that have been issued and\nreacquired by the corporation.\n