Yes, that's what stock buybacks are. But a corporation must have at least one human owner. That's not a rule, it's inherent in the definition of what a corporation is: a legal fiction to pool capital and liability. The implied question is, "pool it from where?" The answer: humans who have the legal right to own property and the legal duty to operate within the law.
Yes, that's what stock buybacks are. But a corporation must have at least one human owner. That's not a rule, it's inherent in the definition of what a corporation is: a legal fiction to pool capital and liability. The implied question is, "pool it from where?" The answer: humans who have the legal right to own property and the legal duty to operate within the law.
How's it different than a buyback like Apple's so fond of?
In some jurisdictions you could also sell it to a wholly owned subsidiary of the parent corp.