Legislation
SECTION 8002
Reduction of capital stock by amendment
Banking (BNK) CHAPTER 2, ARTICLE 15, TITLE 8
§ 8002. Reduction of capital stock by amendment. A corporation may
reduce its capital stock by an amendment of its organization certificate
under section eight thousand one which:
1. Reduces the par value of any issued shares.
2. Changes issued shares under subdivision two (i) of section eight
thousand one and results in a reduction of capital stock.
3. Eliminates from authorized shares, shares that have been issued and
reacquired by the corporation.
reduce its capital stock by an amendment of its organization certificate
under section eight thousand one which:
1. Reduces the par value of any issued shares.
2. Changes issued shares under subdivision two (i) of section eight
thousand one and results in a reduction of capital stock.
3. Eliminates from authorized shares, shares that have been issued and
reacquired by the corporation.