Stock issued by a company but then reacquired and either canceled or held.
? Some states have eliminated this classification and treat such stock as if it is authorized but unissued.
¡ª Also termed treasury security; reacquired stock; retired stock. [Cases: Corporations 72. C.J.S. Corporations ¡ì 146¨C147.]
What is the legal equivalence of treasury stock in Chinese?
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