Nebraska Constitution
Article X, § 5 — Capital stock; dividends
Nebraska Const. art. X, § 5
This text of Nebraska Const. art. X, § 5 (Capital stock; dividends) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Neb. Const. art. X, § 5.
Full Text
The capital stock of public utility corporations or common carriers shall not be increased for any purpose, except after public notice for sixty days, and in such manner as may be provided by law. No dividend shall be declared or distributed except out of net earnings after paying all operating expenses including a depreciation reserve sufficient to keep the investment intact.
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History
Source: Neb. Const. art. XI, sec. 5 (1875); Amended 1920, Constitutional Convention, 1919-1920, No. 32; Transferred by Constitutional Convention, 1919-1920, art. X, sec. 5.
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Bluebook (online)
Nebraska Const. art. X, § 5, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ne/X/5.