New York § 8-210 Overissue

New York Statutes

§ 8-210 — Overissue

New York § 8-210

Law UCCUniform Commercial Code

Part 2Issue and Issuer

Art. 8Investment Securities

This text of New York § 8-210 (Overissue) 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. Uniform Commercial Code § 8-210 (2026).

Text

Section 8--210. Overissue.\n  (a) In this section, "overissue" means the issue of securities in\nexcess of the amount the issuer has corporate power to issue, but an\noverissue does not occur if appropriate action has cured the overissue.\n  (b) Except as otherwise provided in subsections (c) and (d), the\nprovisions of this Article which validate a security or compel its issue\nor reissue do not apply to the extent that validation, issue, or reissue\nwould result in overissue.\n  (c) If an identical security not constituting an overissue is\nreasonably available for purchase, a person entitled to issue or\nvalidation may compel the issuer to purchase the security and deliver it\nif certificated or register its transfer if uncertificated, against\nsurrender of any security certificate the 

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Section 8--210. Overissue.\n (a) In this section, "overissue" means the issue of securities in\nexcess of the amount the issuer has corporate power to issue, but an\noverissue does not occur if appropriate action has cured the overissue.\n (b) Except as otherwise provided in subsections (c) and (d), the\nprovisions of this Article which validate a security or compel its issue\nor reissue do not apply to the extent that validation, issue, or reissue\nwould result in overissue.\n (c) If an identical security not constituting an overissue is\nreasonably available for purchase, a person entitled to issue or\nvalidation may compel the issuer to purchase the security and deliver it\nif certificated or register its transfer if uncertificated, against\nsurrender of any security certificate the person holds.\n (d) If a security is not reasonably available for purchase, a person\nentitled to issue or validation may recover from the issuer the price\nthe person or the last purchaser for value paid for it with interest\nfrom the date of the person's demand.\n