There is a newer version
of
this Statute
2022 Nebraska Revised Statutes
Chapter 75 - Public Service Commission
75-149 - Consolidation; securities; issuance; limitation.
Universal Citation: NE Code § 75-149 (2022)
75-149. Consolidation; securities; issuance; limitation.
The capital stock of a corporation formed by the merger or consolidation of two or more other corporations, shall not exceed the sum of the capital stock of the corporations so merged or consolidated at par value thereof, or such sum and any additional sum actually paid in cash; nor shall any contract, or consolidation or lease be capitalized in the stock of any corporation whatsoever; nor after October 19, 1963, shall any corporation issue any bonds against or as a lien upon any contract for consolidation or merger.
Source
- Laws 1963, c. 425, art. I, ยง 49, p. 1373.
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.
