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New York Consolidated Laws, Business Corporation Law - BSC § 802. Reduction of stated capital by amendment

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) A corporation may reduce its stated capital by an amendment of its certificate of incorporation under section 801 (Right to amend certificate of incorporation) which:

(1) Reduces the par value of any issued shares with par value.

(2) Changes issued shares under subparagraph (b)(11) of section 801 that results in a reduction of stated capital.

(3) Removes from authorized shares, shares that have been issued, reacquired and cancelled by the corporation.

(b) This section shall not prevent a corporation from reducing its stated capital in any other manner permitted by this chapter.

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Cite this article: FindLaw.com - New York Consolidated Laws, Business Corporation Law - BSC § 802. Reduction of stated capital by amendment - last updated January 01, 2026 | https://codes.findlaw.com/ny/business-corporation-law/bsc-sect-802/

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