There is a newer version of the Nebraska Revised Statutes
2015 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-251 Corporation's acquisition of its own
shares.
NE Code § 21-251 (2015) 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, 2017
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