New York § 802 - 802Reduction of stated capital by amendment
Full text of New York New York Consolidated Laws § 802 — 802Reduction of stated capital by amendment, with citation guidance and answers to common questions.
§ 802. 802Reduction of stated capital by amendment
§ 802. Reduction of stated capital by amendment. (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.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 802
What does New York Consolidated Laws § 802 cover?
Section 802 ("802Reduction of stated capital by amendment") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 802?
A common citation format is "New York Consolidated Laws § 802" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 802 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.