Statute
Section 73 — Companies Act 1993: Cancellation of shares redeemed
Text of the provision Official document
73 Cancellation of shares redeemed (1) Shares that are redeemed by a company pursuant to section 69 of this Act are deemed to be cancelled immediately on redemption. (2) On the cancellation of a share under this section,— (a) The rights and privileges attached to that share expire; but (b) The share may be reissued in accordance with this Part of this Act.
Official source: legislation.govt.nz
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