About this document
Rules on Redeemable and Treasury Shares by Larisa Serzo is a document available to read on EtoBox.
1) The rules govern redeemable shares and treasury shares, setting definitions and restrictions. Treasury shares do not revert to unissued shares and may be reissued or sold. 2) Corporations can only redeem shares if they have adequate retained earnings to cover the cost. Exceptions include redemption required in articles of incorporation or to decrease capital stock. 3) Close corporations must allow shareholders to compel purchase of shares at not less than par or issued value if sufficient assets remain
- Author
- Larisa Serzo
- Language
- EN