Banking Law § 8002 · Title 8. Amendments and Changes
Reduction of capital stock by amendment
Verbatim from the official edition
Text — Law content up to date as of January 9, 2026, as published by the New York State 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:
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.
Source of truth
- Edition
- Law content up to date as of January 9, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/BNK8002
- Text hash
- sha256 0ba9e4aa3299b6c13949f80e0924a78c965d527f7ae1cb60f0c166399d14f19f
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.