Nebraska Statutes
§ 75-149 — Consolidation; securities; issuance; limitation
Nebraska·Ch. 75 Public Service Commission
The capital stock of a corporation formed by the merger or consolidation of two or more other corporations, shall not exceed the sum of the capital stock of the corporations so merged or consolidated at par value thereof, or such sum and any additional sum actually paid in cash; nor shall any contract, or consolidation or lease be capitalized in the stock of any corporation whatsoever; nor after October 19, 1963, shall any corporation issue any bonds against or as a lien upon any contract for consolidation or merger.
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Nebraska § 75-149 (Consolidation; securities; issuance; limitation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: Laws 1963, c. 425, art. I, § 49, p. 1373.
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