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.
Domestic company; stock reduction; procedure.
Neb. Rev. Stat. § 44-122 — under INSURANCE.
Neb. Rev. Stat. § 44-122