Conn. Gen. Stat. § 33-684
Corporation's acquisition of its own shares
Connecticut · General Statutes of Connecticut Chapter 601 — Business Corporations · Status: effective
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- Conn. Gen. Stat. § 33-684, Corporation's acquisition of its own shares, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2199273
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(a) A corporation may acquire its own shares and shares so acquired constitute authorized but unissued shares.
(b) If the certificate of incorporation prohibits the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.