摘要：The purpose of this paper is to examine in detail the concept of corporation's purchase of its own shares. After reviewing the origin and development of the English and Canadian positions (a necessary element since statement of the current law is necessary to determine what, if any, changes should be made) and the corresponding American position, the theoretical nature of the concept will be examined, followed by discussion of the various uses for which corporate share purchase power could be exercised, the potential abuse it could give rise to and the possible statutory safeguards that could be imposed to restrict such abuse.
