Treasury shares are shares of stock which

have been issued and fully paid for, but

subsequently reacquired by the issuing
corporation by purchase, redemption,
donation or through some other lawful
means. Such shares may again be disposed
of for a reasonable price fixed by the board
of directors.
a. Treasury shares are not retired shares.
b. Treasury shares are issued shares.
a. Stockholders may rightfully complain if the
price is lower than reasonable
b. In case of sale or reissue, it again becomes
outstanding stock and regains whatever
dividends and voting rights it originally held.
c. Expressly authorizes stock corporations to
sell treasury shares subject to the provision
of section 9.
4. Voting rights
5. Right to dividends
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