Nebraska § 76-3707 Corporations; violations; penalties

Nebraska Statutes

§ 76-3707 — Corporations; violations; penalties

Nebraska·Ch. 76 Real Property

Any corporation described in section  76-3706  violating such section shall be construed and held to be a nonresident alien and within the provisions of the Foreign-owned Real Estate National Security Act applicable to nonresident aliens. Any such domestic corporation violating section  76-3706  shall forfeit its charter and be dissolved. Any such foreign corporation violating section  76-3706  shall forfeit its right to do business in the State of Nebraska.

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Any corporation described in section 76-3706 violating such section shall be construed and held to be a nonresident alien and within the provisions of the Foreign-owned Real Estate National Security Act applicable to nonresident aliens. Any such domestic corporation violating section 76-3706 shall forfeit its charter and be dissolved. Any such foreign corporation violating section 76-3706 shall forfeit its right to do business in the State of Nebraska.

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Legislative History

Source: Laws 1921, c. 142, § 1, p. 608; C.S.1922, § 5687; C.S.1929, § 76-502; Laws 1939, c. 97, § 1, p. 417; C.S.Supp.,1941, § 76-502; R.S.1943, § 76-407; R.S.1943, (2018), § 76-407; Laws 2024, LB1301, § 10.