{"data":{"id":"us-ny/n.y.-business-corporation-law-802","jurisdiction":"us-ny","citation":"N.Y. Business Corporation Law § 802","heading":"Reduction of stated capital by amendment","body":"§ 802. Reduction of stated capital by amendment.\n  (a) A corporation may reduce its stated capital by an amendment of its\ncertificate of incorporation under section 801 (Right to amend\ncertificate of incorporation) which:\n  (1) Reduces the par value of any issued shares with par value.\n  (2) Changes issued shares under subparagraph (b) (11) of section 801\nthat results in a reduction of stated capital.\n  (3) Removes from authorized shares, shares that have been issued,\nreacquired and cancelled by the corporation.\n  (b) This section shall not prevent a corporation from reducing its\nstated capital in any other manner permitted by this chapter.","path":["Business Corporation Law","Article 8. Amendments and Changes"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BSC/802","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"29caf74d6df38b7965cc894bddae578eb060919a9e7ce2a5fb3746851b5528e5","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-business-corporation-law-801","next":"us-ny/n.y.-business-corporation-law-803"},"notice":"GroundRules: Original legal text. Not legal advice."}