Corporation; purchase bonds of corporation; canceled; price.

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  4. Corporation; purchase bonds of corporation; canceled; price.

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2-4229. Corporation; purchase bonds of corporation; canceled; price.

The corporation, subject to such agreements with bondholders as may then exist, shall have power out of any funds available therefor to purchase bonds of the corporation, which shall thereupon be canceled, at any reasonable price which, if the bonds are then redeemable, shall not exceed the redemption price then applicable plus accrued interest to the next interest payment thereon.

Source

  • Laws 1981, LB 385, § 29.


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