Nebraska § 21-247 Shares without certificates

Nebraska Statutes

§ 21-247 — Shares without certificates

Nebraska § 21-247

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-247 (Shares without certificates) 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. § 21-247 (2026).

Text

(MBCA 6.26) (a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation.

(b)Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by subsections (b) and (c) of section 21-246 , and, if applicable, section 21-248 .

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(MBCA 6.26) (a) Unless the
articles of incorporation or bylaws provide otherwise, the board of directors
of a corporation may authorize the issue of some or all of the shares of any
or all of its classes or series without certificates. The authorization does
not affect shares already represented by certificates until they are surrendered
to the corporation.
(b) Within a reasonable
time after the issue or transfer of shares without certificates, the corporation
shall send the shareholder a written statement of the information required
on certificates by subsections (b) and (c) of section 21-246 , and, if applicable,
section 21-248 .