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The Laws of New York
Consolidated Laws of New York
CHAPTER 2
Banking
ARTICLE 15
General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
TITLE 8
Amendments and Changes
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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.