Nebraska Const. art. X, § 3

Nebraska Constitution

Article X, § 3 — Consolidation of stock or property

Nebraska Const. art. X, § 3 (Consolidation of stock or property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionNebraska DocumentConstitution

ArticleX

Section§ 3

CitationNebraska Const. art. X, § 3

Bluebook

Neb. Const. art. X, § 3.

Full Text

No public utility corporation or common carrier shall consolidate its stock, property, franchise, or earnings in whole or in part with any other public utility corporation or common carrier owning a parallel or competing property without permission of the Railway Commission; and in no case shall any consolidation take place except upon public notice of at least sixty days to all stockholders, in such manner as may be provided by law. The Legislature may by law require all public utilities and common carriers to exchange business through physical connection, joint use, connected service, or otherwise.

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No public utility corporation or common carrier shall consolidate its stock, property, franchise, or earnings in whole or in part with any other public utility corporation or common carrier owning a parallel or competing property without permission of the Railway Commission; and in no case shall any consolidation take place except upon public notice of at least sixty days to all stockholders, in such manner as may be provided by law. The Legislature may by law require all public utilities and common carriers to exchange business through physical connection, joint use, connected service, or otherwise.

History

Source: Neb. Const. art. XI, sec. 3 (1875); Amended 1920, Constitutional Convention, 1919-1920, No. 31; Transferred by Constitutional Convention, 1919-1920, art. X, sec. 3.