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Form a Business

Domestic company; stock reduction; procedure.

Neb. Rev. Stat. § 44-122
in effect
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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. 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.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/statutes.php?statute=44-122Fetched: 10/20/2026

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Neb. Rev. Stat. § 44-122 — Domestic company; stock reduction; procedure | Nebraska Revised Statutes (through Laws 2026) | Corpus