There is a newer version of the Nebraska Revised Statutes
2016 Nebraska Revised Statutes
Chapter 44 - INSURANCE
44-122 Domestic company; stock reduction; procedure.
NE Code § 44-122 (2016) What's This?
44-122. Domestic 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.
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