Nebraska § 21-2110 Shares; par value; authorized capital

Nebraska Statutes

§ 21-2110 — Shares; par value; authorized capital

Nebraska·Ch. 21 Corporations and Other Companies

(1)Each share of stock of the corporation shall have a par value of not less than ten dollars per share, as fixed by its articles of incorporation, and shall be issued only for lawful money of the United States. At least two hundred thousand dollars shall be paid into the treasury for capital stock before a corporation shall be authorized to transact any business other than such business as relates to its organization.

(2)Each shareholder shall be entitled to one vote, in person or by proxy, for each share of capital stock held, and each member shall be entitled to one vote, in person or by proxy, as such member.

(3)The rights given by the Nebraska Model Business Corporation Act to shareholders to attend meetings and to receive notice thereof and to exercise voting rights shall apply to

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(1) Each share of stock of the corporation shall have a par value of
not less than ten dollars per share, as fixed by its articles of incorporation,
and shall be issued only for lawful money of the United States. At least two
hundred thousand dollars shall be paid into the treasury for capital stock
before a corporation shall be authorized to transact any business other than
such business as relates to its organization.
(2) Each shareholder shall be entitled to one vote, in person or by
proxy, for each share of capital stock held, and each member shall be entitled
to one vote, in person or by proxy, as such member.
(3) The rights given by the Nebraska
Model Business Corporation Act to shareholders to attend meetings
and to receive notice thereof and to exercise voting rights shall apply to
members as well as to shareholders of a corporation created under the Nebraska
Business Development Corporation Act. The voting rights of the members shall
be the same as if they were a separate class of shareholders, and shareholders
and members shall in all cases vote separately by classes. A quorum at a shareholders'
meeting shall require the presence in person or by proxy of a majority of
the holders of the voting rights of each class.

Nebraska § 21-2110 (Shares; par value; authorized capital) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 1967, c. 100, § 10, p. 306; Laws 1995, LB 109, § 206; Laws 2014, LB749, § 268. Cross References: Nebraska Model Business Corporation Act, see section 21-201.