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  • SECTION 8001
    Right to amend organization certificate
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  • TITLE 8
    Amendments and Changes
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  • SECTION 8003
    Authorization of amendment or change
    • This entry was published on 2014-09-22
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    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.