Nebraska § 44-122 Domestic company; stock reduction; procedure

Nebraska Statutes

§ 44-122 — Domestic company; stock reduction; procedure

Nebraska § 44-122

Ch. 44Insurance

This text of Nebraska § 44-122 (Domestic company; stock reduction; procedure) 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. § 44-122 (2026).

Text

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.