§415-6 Power of corporation to acquire its own shares. A corporation shall have the power to acquire its own shares. All of its own shares acquired by a corporation shall, upon acquisition, constitute authorized but unissued shares, unless the articles of incorporation provide that they shall not be reissued, in which case the authorized shares shall be reduced by the number of shares acquired. If the number of authorized shares is reduced by an acquisition, the corporation shall, not later than the time it delivers its next annual report to the director under this chapter, also deliver to the director for filing, a statement of cancellation showing the reduction in the authorized shares. The statement of cancellation shall set forth: