WVC 31 D- 6 - 631
§31D-6-631. Corporation's acquisition of its own shares.
(a) Subject to the provisions of chapter thirty-one-a of this
code and unless otherwise prohibited by law, a corporation may
acquire its own shares and shares so acquired constitute authorized
but unissued shares.
(b) If the articles of incorporation prohibit the reissue of
the acquired shares, the number of authorized shares is reduced by
the number of shares acquired.
Note: WV Code updated with legislation passed through the 2016 Regular Session
The West Virginia Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.