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Question added to topic MoneyNovember 21, 2008

Can Subchapter S retired stock be un-retired?

If you sold your interest in a business back to the corporation and later bought back in, the corporation would simply issue new shares to reflect the new purchase.

In the ideal world, when someone sells his or her shares, they turn the stock certificates representing those shares back to the corporation to be canceled. You wouldn’t get the exact same piece of paper (stock certificate) handed back to you. Like getting divorced and remarried to the same person, your new anniversary is the date of the remarriage, not the date of the initial wedding.

Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.

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