Statute · New York Banking Law
N.Y. Banking Law § 8002 — Reduction of capital stock by amendment
N.Y. Banking Law § 8002
- Type
- Statute
- Source
- New York Banking Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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:
Citator
N.Y. Banking Law § 8002 — Reduction of capital stock by amendment is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.