{"data":{"id":"us-dc/d.c.-code-29-304.41","jurisdiction":"us-dc","citation":"D.C. Code § 29-304.41","heading":"Corporation’s acquisition of its own shares.","body":"(a)\nA corporation may acquire its own shares and shares so acquired shall constitute authorized but unissued shares.\n\n(b)\nIf 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.","path":["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."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-304.41","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"5f171f8b48262b8c7a850e62cb022b593868cc7998be595fd882216e116c71ce","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-304.40","next":"us-dc/d.c.-code-29-304.60"},"notice":"GroundRules: Original legal text. Not legal advice."}