Nebraska § 21-239 Issued and outstanding shares

Nebraska Statutes

§ 21-239 — Issued and outstanding shares

Nebraska·Ch. 21 Corporations and Other Companies

(MBCA 6.03) (a) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or canceled.

(b)The reacquisition, redemption, or conversion of outstanding shares is subject to the limitations of subsection

(c)of this section and to section 21-252 .

(c)At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.

Free access — add to your briefcase to read the full text and ask questions with AI

(MBCA 6.03) (a) A corporation
may issue the number of shares of each class or series authorized by the articles
of incorporation. Shares that are issued are outstanding shares until they
are reacquired, redeemed, converted, or canceled.
(b) The reacquisition, redemption,
or conversion of outstanding shares is subject to the limitations of subsection
(c) of this section and to section 21-252 .
(c) At all times that shares of the corporation are
outstanding, one or more shares that together have unlimited voting rights
and one or more shares that together are entitled to receive the net assets
of the corporation upon dissolution must be outstanding.

Nebraska § 21-239 (Issued and outstanding shares) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.