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2006 Nebraska Revised Statutes - § 44-122 — Domestic company; stock reduction; procedure.
Section 44-122Domestic company; stock reduction; procedure.
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.
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
~Reissue Revised Statutes of Nebraska
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