There is a newer version of the Nebraska Revised Statutes
2012 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-20,104 - Mandatory indemnification.
NE Code § 21-20,104 (2012) What's This?
21-20,104. Mandatory indemnification.A corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he or she was a party because he or she was a director of the corporation against reasonable expenses incurred by him or her in connection with the proceeding.
Source
- Laws 1995, LB 109, ยง 104.
Annotations
The nonpayment of corporate taxes and the issuance of a certificate of dissolution by the Secretary of State effectively dissolves a corporation, which begins the running of the 2-year statute of limitations. Eiche v. Blankenau, 253 Neb. 255, 570 N.W.2d 190 (1997).
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