Section 8002. Reduction of capital stock by amendment

Latest version.

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.

                    
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