Nebraska Statutes
§ 44-122 — Domestic company; stock reduction; procedure
Nebraska·Ch. 44 Insurance
No reduction of stock shall be made except by approval of at least two-thirds of the directors. The directors, after such reduction of stock, may require such shareholder to surrender his or her stock and in lieu thereof may issue a new certificate for such number of shares as each shall be entitled to.
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Legislative History
Source: Laws 1913, c. 154, § 9, p. 400; R.S.1913, § 3145; Laws 1919, c. 190, tit. V, art. III, § 2, p. 578; C.S.1922, § 7746; C.S.1929, § 44-202; R.S.1943, § 44-122; Laws 1989, LB 92, § 15; Laws 1999, LB 259, § 1.
Nearby Sections
15
§ 44-1001
Repealed. Laws 1985, LB 508, § 41§ 44-1002
Repealed. Laws 1985, LB 508, § 41§ 44-1003
Repealed. Laws 1985, LB 508, § 41§ 44-1004
Repealed. Laws 1985, LB 508, § 41§ 44-1004.01
Repealed. Laws 1985, LB 508, § 41§ 44-1004.02
Repealed. Laws 1985, LB 508, § 41§ 44-1005
Repealed. Laws 1985, LB 508, § 41§ 44-1006
Repealed. Laws 1985, LB 508, § 41§ 44-1007
Repealed. Laws 1985, LB 508, § 41§ 44-1008
Repealed. Laws 1985, LB 508, § 41§ 44-1009
Repealed. Laws 1985, LB 508, § 41§ 44-1010
Repealed. Laws 1985, LB 508, § 41§ 44-1011
Repealed. Laws 1985, LB 508, § 41