West Virginia Statutes
§ 31D-6-631 — Corporation's acquisition of its own shares
West Virginia § 31D-6-631
JurisdictionWest Virginia
Ch. 31DWEST VIRGINIA BUSINESS CORPORATION ACT
Art. 6SHARES AND DISTRIBUTIONS
This text of West Virginia § 31D-6-631 (Corporation's acquisition of its own shares) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
W. Va. Code § 31D-6-631 (2026).
Text
(a)Subject to the provisions of chapter thirty-one-a of this code and unless otherwise prohibited by law, a corporation may acquire its own shares and shares so acquired constitute authorized but unissued shares.
(b)If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 31D-1-101
Short title§ 31D-1-101a
Legislative acknowledgment§ 31D-1-102
Reservation of powers§ 31D-1-103
Construction of chapter§ 31D-1-120
Filing requirements§ 31D-1-121
Forms§ 31D-1-122
Filing, service and copying fees§ 31D-1-123
Effective time and date of document§ 31D-1-124
Correcting filed document§ 31D-1-125
Filing duty of Secretary of State§ 31D-1-127
Evidentiary effect of copy of filed document§ 31D-1-128
Certificate of existence§ 31D-1-129
Penalty for signing false document§ 31D-1-130
PowersCite This Page — Counsel Stack
Bluebook (online)
West Virginia § 31D-6-631, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/31D/31D-6-631.