GroundRules
D.C. Code § 29-304.41: Corporation’s acquisition of its own shares.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 3. Business Corporations.
- Subchapter IV. Shares and Distributions.
- Part C. Subsequent Acquisition of Shares by Shareholders and Corporation.
(a)
A corporation may acquire its own shares and shares so acquired shall constitute authorized but unissued shares.
(b)
If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares shall be reduced by the number of shares acquired.
Collected 2026-08-29T05:44:07Z. Source file · JSON