There is a newer version of the Nebraska Revised Statutes
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2014 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-251 - Corporation's acquisition of its own shares.


NE Code § 21-251 (2014) What's This?

21-251. Corporation's acquisition of its own shares.

(MBCA 6.31) (a) A corporation may acquire its own shares, and shares so acquired constitute authorized but unissued shares.

(b) If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.

Source

    Laws 2014, LB749, ยง 51.
    Operative Date: January 1, 2016


Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.