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Section 9. Treasury Shares - Revised Corporation Code

Section 9. Treasury Shares of Revised Corporation Code. Section 9. Treasury Shares. - Treasury shares are shares of stock which have been issued and fully paid for, but subsequently reacquired by the i

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Revised Corporation Code

Section 9. Treasury Shares. - Treasury shares are shares of stock which have been issued and fully paid for, but subsequently reacquired by the issuing corporation through purchase, redemption, donation, or some other lawful means. Such shares may again be disposed of for a reasonable price fixed by the board of directors.

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