The act of a corporation to call in its shares and issue one new share in the place of more than one share previously outstanding is a

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The act described in the question is a reverse share split, which involves reducing the number of outstanding shares and replacing them with a smaller number of new shares. A share dividend involves distributing additional shares to existing shareholders, a liquidating dividend involves distributing assets to shareholders during the liquidation of a company, a share split involves increasing the number of outstanding shares, and a cash dividend involves distributing cash to shareholders.

The Act of a Corporation to Call in Its Shares