New York § 514 Agreements for purchase by a corporation of its own shares

New York Statutes

§ 514 — Agreements for purchase by a corporation of its own shares

New York § 514

Law BSCBusiness Corporation

Art. 5Corporate Finance

This text of New York § 514 (Agreements for purchase by a corporation of its own shares) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Business Corporation § 514 (2026).

Text

§ 514. Agreements for purchase by a corporation of its own shares.\n  (a) An agreement for the purchase by a corporation of its own shares\nshall be enforceable by the shareholder and the corporation to the\nextent such purchase is permitted at the time of purchase by section 513\n(Purchase or redemption by a corporation of its own shares).\n  (b) The possibility that a corporation may not be able to purchase its\nshares under section 513 shall not be a ground for denying to either\nparty specific performance of an agreement for the purchase by a\ncorporation of its own shares, if at the time for performance the\ncorporation can purchase all or part of such shares under section 513.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 514. Agreements for purchase by a corporation of its own shares.\n (a) An agreement for the purchase by a corporation of its own shares\nshall be enforceable by the shareholder and the corporation to the\nextent such purchase is permitted at the time of purchase by section 513\n(Purchase or redemption by a corporation of its own shares).\n (b) The possibility that a corporation may not be able to purchase its\nshares under section 513 shall not be a ground for denying to either\nparty specific performance of an agreement for the purchase by a\ncorporation of its own shares, if at the time for performance the\ncorporation can purchase all or part of such shares under section 513.\n