Domestic company; stock reduction; procedure.

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  2. Nebraska Revised Statutes
  3. Insurance
  4. Domestic company; stock reduction; procedure.

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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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