Nebraska § 21-239 Issued and outstanding shares

Nebraska Statutes

§ 21-239 — Issued and outstanding shares

Nebraska § 21-239

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-239 (Issued and outstanding shares) 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. Rev. Stat. § 21-239 (2026).

Text

(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.

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(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.