New York Laws
Title 8 - Amendments and Changes
8002 - Reduction of Capital Stock by Amendment.

§ 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.

Structure New York Laws