Neb. Rev. Stat. §§ 76-3706

Current with changes through the 2024 First Special Legislative Session
Section 76-3706 - [Operative 1/1/2025] Corporations; board of directors; election of nonresident aliens; restrictions

No corporation organized under the laws of this state and no corporation organized under the laws of any other state or country, doing business in this state, which was organized to hold or is holding real estate, except as provided in the Foreign-owned Real Estate National Security Act, shall elect nonresident aliens as members of its board of directors or board of trustees in a number sufficient to constitute a majority of such board, nor elect nonresident aliens as executive officers or managers nor have a majority of its capital stock owned by nonresident aliens.

Neb. Rev. Stat. §§ 76-3706

Laws 1921, c. 142, § 1, p. 608; C.S.1922, § 5687; C.S.1929, § 76-502; Laws 1939, c. 97, § 1, p. 417; C.S.Supp.,1941, § 76-502; R.S.1943, § 76-406; Laws 1955, c. 286, § 2, p. 896; R.S.1943, (2018), § 76-406; Laws 2024, LB 1301, § 9.
Renumbered from § 76-406 and amended by Laws 2024, LB 1301,§ 9, eff. 7/19/2024, op. 1/1/2025.