A Consideration of the Nebraska Corporation Law in the Light of the American Bar Association’s Model Business Corporation Act

This article is presented as a general, rather than a technical, survey of the relationship between the Model Corporation Act and the present Nebraska Corporation Laws. The purpose is to give a brief comprehensive glance so that Nebraska attorneys will be able to more easily decide what their position will be on the proposed revamping of the present Nebraska Corporation Statutes. I. Introduction II. Definitions III. Substantive Provisions IV. Formation of Corporations V. Amendment VI. Merger and Consolidation VII. Sale of Assets VIII. Dissolution IX. Foreign Corporations X. Annual Reports XI. Fees, Franchise Taxes, and Charges XII. Penalties XIII. Miscellaneous Provisions XIV. Conclusion Appendi