Corporation's acquisition of its own shares.

1. Law
2. Nebraska Revised Statutes
3. Corporations and Other Companies
4. Corporation's acquisition of its own shares.

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, § 51.

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