{"data":{"id":"us-ny/n.y.-banking-law-8002","jurisdiction":"us-ny","citation":"N.Y. Banking Law § 8002","heading":"Reduction of capital stock by amendment","body":"§ 8002. Reduction of capital stock by amendment. A corporation may\nreduce its capital stock by an amendment of its organization certificate\nunder section eight thousand one which:\n  1. Reduces the par value of any issued shares.\n  2. Changes issued shares under subdivision two (i) of section eight\nthousand one and results in a reduction of capital stock.\n  3. Eliminates from authorized shares, shares that have been issued and\nreacquired by the corporation.","path":["Banking Law","Article 15. General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies","Title 8. Amendments and Changes"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BNK/8002","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"b2e5aeda91cff743b98e37480e9c12e8242ae14fa9249ec4dcae72ca348d2d5e","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-banking-law-8001","next":"us-ny/n.y.-banking-law-8003"},"notice":"GroundRules: Original legal text. Not legal advice."}