reglab/housing_qa huggingface dataset:
NE Code § 21-2219 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2219 - Merger or consolidation.

21-2219.  Merger or consolidation.A professional corporation organized under the provisions of the Nebraska Professional Corporation Act may consolidate or merge with another domestic professional corporation organized under the act to render the same professional service or a foreign professional corporation admitted or which would qualify to be admitted under the act to render the same professional service in this state.Source   Laws 1969, c. 121, § 19, p. 561;   Laws 1994, LB 488, § 3.
NE Code § 21-2220 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2220 - Sections; attorneys at law; applicability.

21-2220.  Sections; attorneys at law; applicability.The provisions of sections 21-2201 to 21-2222 shall be applicable to attorneys at law only to the extent and under such terms and conditions as the Supreme Court of the State of Nebraska shall determine to be necessary and appropriate. Articles of incorporation of professional corporations organized to practice law shall contain such provisions as may be appropriate to comply with applicable rules of the court.Source  Laws 1969, c. 121, § 20, p. 561.
NE Code § 21-2221 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2221 - Sections; when not applicable.

21-2221.  Sections; when not applicable.Sections 21-2201 to 21-2222 shall not apply to any individual or group of individuals within this state who prior to December 25, 1969, were permitted to organize a corporation and perform personal services to the public by the means of a corporation, and sections 21-2201 to 21-2222 shall not apply to any corporations organized by such individual or group of individuals prior to December 25, 1969; Provided, any such individual or group of individuals or any such corporation may bring themselves and such corporation within the provisions of sections 21-2201 to 21-2222 by amending the articles of incorporation in such a manner as to be consistent with all the provisions of sections 21-2201 to 21-2222 and by affirmatively stating in the amended articles of incorporation that the shareholders have elected to bring the corporation within the provisions of sections 21-2201 to 21-2222.Source  Laws 1969, c. 121, § 21, p. 562.
NE Code § 21-2222 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2222 - Rights of natural persons.

21-2222.  Rights of natural persons.Nothing contained in the Nebraska Professional Corporation Act is intended to alter the right of natural persons licensed to provide professional service to organize as a partnership, a limited liability company, an unincorporated association, a business trust, or any other lawful form of business organization.Source   Laws 1969, c. 121, § 22, p. 562;   Laws 1993, LB 121, § 158.
NE Code § 21-2223 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2223 - Designated broker; professional corporation.

21-2223.  Designated broker; professional corporation.A designated broker as defined in section 81-885.01 may be organized as a professional corporation under the Nebraska Professional Corporation Act.Source Laws 2011, LB315, § 3.
NE Code § 21-2301 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2301 - Terms, defined.

21-2301.  Terms, defined.For purposes of the Nebraska Industrial Development Corporation Act, unless the context otherwise requires:(1) Corporation means any corporation organized pursuant to the act;(2) Local political subdivision means any county or any city of the metropolitan class; and(3) Project means any land and any building or other improvement on the land, and all real and personal properties deemed necessary in connection therewith, whether or not now in existence, which shall be suitable for use by the following or by any combination of two or more of the following: (a) Any industry for the manufacturing, processing, or assembling of any agricultural, manufactured, or mineral products, (b) any commercial enterprise in storing, warehousing, distributing, or selling any products of agriculture, mining, or industry, or (c) any enterprise for research in connection with any of the foregoing or for the purpose of developing new products or new processes or improving existing products or known processes, or for the purpose of aiding in the development of facilities for the exploration of outer space or promoting the national defense, but shall not include facilities designed for the sale or distribution to the public of electricity, gas, water, telephone, or other services commonly classified as public utilities.Source   Laws 1972, LB 1517, § 1;   Laws 1995, LB 494, § 1.
NE Code § 21-2302 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2302 - Legislative intent.

21-2302.  Legislative intent.It is the intent of the Legislature to authorize the incorporation in any local political subdivision in this state of public corporations to acquire, enlarge, improve, expand, own, lease, and dispose of properties to the end that such corporations may be able to promote industry, develop trade, and further the use of the agricultural products and natural resources of this state by inducing manufacturing, industrial, commercial, and research enterprises (1) to establish new projects in this state, (2) to enlarge and expand existing projects located in this state, or (3) to relocate, in or around the same local political subdivision in this state, projects to replace projects all or a major portion of which have been acquired for one or more public purposes by the United States of America, the State of Nebraska, or any branch, arm, agency, instrumentality, or political subdivision of either, whether by purchase, through the exercise of the power of eminent domain, or by other means.It is the further intent of the Legislature to vest the corporations with all the powers that may be necessary to enable them to accomplish their purposes, except that the corporations shall not have the power of eminent domain. It is not intended that the corporations themselves be authorized to operate any such manufacturing, industrial, commercial, or research enterprise. The Nebraska Industrial Development Corporation Act shall be liberally construed in conformity with such intention.Source   Laws 1972, LB 1517, § 2;   Laws 1995, LB 494, § 2.
NE Code § 21-2303 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2303 - Incorporation; procedure; application; approval.

21-2303.  Incorporation; procedure; application; approval.Whenever any number of natural persons, not less than three, each of whom shall be a duly qualified elector of and taxpayer in the local political subdivision, file with the governing body of any local political subdivision an application in writing seeking permission to apply for the incorporation of an industrial development board of the local political subdivision, the governing body shall proceed to consider the application. If the governing body, by appropriate resolution duly adopted, (1) finds and determines that it is wise, expedient, necessary, or advisable that the corporation be formed, (2) authorizes the persons making the application to proceed to form the corporation, and (3) approves the form of the articles of incorporation proposed to be used in organizing the corporation, then the persons making the application shall execute, acknowledge, and file articles of incorporation for the corporation under the Nebraska Industrial Development Corporation Act. No corporation may be formed unless the application has first been filed with the governing body of the local political subdivision and the governing body has adopted a resolution pursuant to this section.Source   Laws 1972, LB 1517, § 3;   Laws 1995, LB 494, § 3.
NE Code § 21-2304 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2304 - Articles of incorporation; contents.

21-2304.  Articles of incorporation; contents.The articles of incorporation shall set forth: (1) The names and residences of the applicants together with a recital that each of them is an elector of and taxpayer in the local political subdivision, (2) the name of the corporation, (3) a recital that permission to organize the corporation has been granted by resolution duly adopted by the governing body of the local political subdivision and the date of the adoption of the resolution, (4) the location of the registered office of the corporation, which shall be in the local political subdivision, and the name of its current registered agent at such office, (5) the purposes for which the corporation is organized, (6) the number of directors of the corporation, (7) the period, if any, of duration of the corporation, and (8) any other matter which the applicants choose to insert in the articles of incorporation which is not inconsistent with the Nebraska Industrial Development Corporation Act or with the laws of this state. The articles of incorporation shall be subscribed and acknowledged before a notary public by each of the applicants.Source   Laws 1972, LB 1517, § 4;   Laws 1995, LB 494, § 4;  Laws 2008, LB379, § 21.
NE Code § 21-2305 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2305 - Articles of incorporation; filing.

21-2305.  Articles of incorporation; filing.When executed and notarized under section 21-2304, the articles of incorporation shall be filed with the Secretary of State. The Secretary of State shall examine the articles of incorporation and, if he or she finds (1) that the recitals contained in the articles of incorporation are correct, (2) that the requirements of section 21-2304 have been complied with, and (3) that the name of the corporation is not identical with or similar enough to the name of another corporation already in existence in this state as to lead to confusion and uncertainty, the Secretary of State shall approve the articles of incorporation and record them in his or her office. When the articles of incorporation have been made, filed, and approved the applicants shall constitute a corporation under the name set out in the articles of incorporation pursuant to the Nebraska Industrial Development Corporation Act.Source   Laws 1972, LB 1517, § 5;   Laws 1995, LB 494, § 5.
NE Code § 21-2306 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2306 - Articles of incorporation; amendment; procedure.

21-2306.  Articles of incorporation; amendment; procedure.The articles of incorporation may at any time be amended to make any changes or add any provisions which might have been included in the first instance. To amend the articles of incorporation, the members of the board of directors of the corporation shall file with the governing body of the local political subdivision an application in writing seeking permission to amend the articles of incorporation and specifying in the application the amendment proposed to be made. The governing body shall consider the application and if by appropriate resolution it (1) duly finds and determines that it is wise, expedient, necessary, or advisable that the proposed amendment be made, (2) authorizes the same to be made, and (3) approves the form of the proposed amendment, then the persons making the application shall execute an instrument embodying the amendment specified in the application. The instrument shall be subscribed and acknowledged before a notary public by each member of the board of directors and shall be filed with the Secretary of State. The Secretary of State shall examine the proposed amendment and, if he or she finds that the requirements of this section have been complied with and that the proposed amendment is within the scope of what might be included in the original articles of incorporation, the Secretary of State shall approve the amendment and record it in his or her office. When the amendment has been made, filed, and approved it shall become effective and the articles of incorporation shall be amended pursuant to the amendment. The articles of incorporation under the Nebraska Industrial Development Corporation Act shall be amended only as provided in this section.Source   Laws 1972, LB 1517, § 6;   Laws 1995, LB 494, § 6.
NE Code § 21-2307 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2307 - Board of directors; qualifications; expenses; public meetings.

21-2307.  Board of directors; qualifications; expenses; public meetings.The corporation shall have a board of directors in which all powers of the corporation shall be vested and which shall consist of any number of directors, not less than three, all of whom shall be duly qualified electors of and taxpayers in the local political subdivision. The directors shall serve without compensation, except that they shall be reimbursed for expenses incurred in the performance of their duties under the Nebraska Industrial Development Corporation Act pursuant to sections 81-1174 to 81-1177. The directors shall be elected by the governing body of the local political subdivision. Any meeting held by the board of directors for any purpose shall be open to the public.Source   Laws 1972, LB 1517, § 7;   Laws 1981, LB 204, § 20;   Laws 1995, LB 494, § 7;  Laws 2020, LB381, § 16.
NE Code § 21-2310 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2310 - Bonds; security.

21-2310.  Bonds; security.The principal of and interest on bonds issued by the corporation shall be secured by a pledge of the revenue and receipts out of which the principal of and interest on the bonds is payable, and may be secured by a mortgage or deed of trust covering all or any part of the projects from which the revenue or receipts pledged may be derived, including any enlargements of and additions to any projects made at a later date. The resolution under which the bonds are authorized to be issued and any mortgage or deed of trust may contain any agreements and provisions respecting the maintenance of the projects covered thereby, the fixing and collection of rents for any portions thereof leased by the corporation to others, the creation and maintenance of special funds from the revenue and the rights and remedies available in the event of default, all as the board of directors deems advisable and not in conflict with the provisions of this section. Each pledge, agreement, mortgage, and deed of trust made for the benefit of security of any of the bonds of the corporation shall continue to be effective until the principal of and interest on the bonds for the benefit of which the pledge, agreement, mortgage, and deed of trust were made shall have been fully paid. In the event of default in payment or in any agreements of the corporation made as a part of the contract under which the bonds were issued, whether contained in the proceedings authorizing the bonds or in any mortgage or deed of trust executed as security for the bonds, the rights of the bondholders may be enforced by mandamus, the appointment of a receiver in equity, or by foreclosure of any such mortgage or deed of trust, or any one or more of the remedies.Source   Laws 1972, LB 1517, § 11;   Laws 1995, LB 494, § 10.
NE Code § 21-2311 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2311 - Corporation; property; bonds; exempt from taxation.

21-2311.  Corporation; property; bonds; exempt from taxation.The corporation and all properties at any time owned by it and only while owned by it and the income from the properties, and all bonds issued by it and the income from the bonds, shall be exempt from taxation in the State of Nebraska.Source   Laws 1972, LB 1517, § 12;   Laws 1995, LB 494, § 11.
NE Code § 21-2312 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2312 - Local political subdivision; liability; exempt.

21-2312.  Local political subdivision; liability; exempt.The local political subdivision shall not be liable for the payment of the principal of or interest on any bonds of the corporation or for the performance of any pledge, mortgage, obligation, or agreement of any kind undertaken by the corporation, and none of the bonds of the corporation or any of its agreements or obligations shall be construed to constitute an indebtedness of the local political subdivision within the meaning of any constitutional or statutory provision.Source   Laws 1972, LB 1517, § 13;   Laws 1995, LB 494, § 12.
NE Code § 21-2313 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2313 - Corporation; nonprofit.

21-2313.  Corporation; nonprofit.The corporation shall be a nonprofit corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm, or corporation, except that in the event the board of directors determines that sufficient provision has been made for the full payment of the expenses, bonds, and other obligations of the corporation, any net earnings of the corporation thereafter accruing shall be paid to the local political subdivision with respect to which the corporation was organized.Source   Laws 1972, LB 1517, § 14;   Laws 1995, LB 494, § 13.
NE Code § 21-2314 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2314 - Corporation; dissolution; effect.

21-2314.  Corporation; dissolution; effect.Whenever the board of directors by resolution determines that the purposes for which the corporation was formed have been substantially complied with and all bonds issued and all obligations incurred by the corporation have been fully paid, the board of directors shall execute and file for record in the office of the Secretary of State a certificate of dissolution reciting such facts and declaring the corporation dissolved. A certificate of dissolution shall be executed under the corporate seal of the corporation. Upon the filing of the certificate of dissolution, the corporation shall stand dissolved and the title to all funds and properties owned by it at the time of dissolution shall vest in the local political subdivision. Possession of the funds and properties shall be delivered to the local political subdivision.Source   Laws 1972, LB 1517, § 15;   Laws 1995, LB 494, § 14.
NE Code § 21-2315 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2315 - Corporation; documents; filing without payment of fees or taxes.

21-2315.  Corporation; documents; filing without payment of fees or taxes.The articles of incorporation, any deeds or other documents conveying properties to the corporation, any mortgages or deeds of trust executed by the corporation, any leases made by the corporation, and the certificate of dissolution of the corporation may all be filed for record without the payment of any tax or fees other than fees as authorized by law for the recording of the instruments.Source   Laws 1972, LB 1517, § 16;   Laws 1995, LB 494, § 15.
NE Code § 21-2316 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2316 - Act; how construed.

21-2316.  Act; how construed.The Nebraska Industrial Development Corporation Act shall not be construed as a restriction or limitation upon powers which the corporation might otherwise have under any laws of this state, but shall be construed as cumulative of any such powers. No proceedings, notice, or approval shall be required for the organization of the corporation or the issuance of any bonds or any instrument as security for the bonds or instrument, except as provided in the act, any other law to the contrary notwithstanding, but nothing in the act shall be construed to deprive the state and its governmental subdivisions of their respective police powers over any properties of the corporation or to impair any power of any official or agency of the state and its governmental subdivisions which may be otherwise provided by law.Source   Laws 1972, LB 1517, § 17;   Laws 1995, LB 494, § 16.
NE Code § 21-2317 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2317 - Corporation incorporated under Nebraska Nonprofit Corporation Act; validated.

21-2317.  Corporation incorporated under Nebraska Nonprofit Corporation Act; validated.In all cases when there has been an attempt to incorporate a local political subdivision industrial development corporation under the provisions of the Nebraska Nonprofit Corporation Act, and articles of incorporation have been duly recorded and filed containing provisions substantially similar to those for incorporation under the provisions of the Nebraska Industrial Development Corporation Act, the corporation may, with the approval of the governing body of the local political subdivision in which it is located, become validated ab initio as a corporation organized under and governed by the act with respect to any bonds issued and all other matters concerning its affairs and business by executing and filing with the Secretary of State a certificate of its adoption of the act.Source   Laws 1972, LB 1517, § 18;   Laws 1995, LB 494, § 17;   Laws 1996, LB 681, § 182.  Cross References  Nebraska Nonprofit Corporation Act, see section 21-1901.
NE Code § 21-2318 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2318 - Act, how cited.

21-2318.  Act, how cited.Sections 21-2301 to 21-2318 shall be known and may be cited as the Nebraska Industrial Development Corporation Act.Source  Laws 1972, LB 1517, § 19.
NE Code § 21-2431 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2431 - Act, how cited.

21-2431.  Act, how cited.Sections 21-2431 to 21-2453 shall be known and may be cited as the Shareholders Protection Act.Source  Laws 1988, LB 1110, § 2.
NE Code § 21-2432 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-2432 - Legislative declarations.

21-2432.  Legislative declarations.It is declared that:(1) This state has traditionally regulated the affairs of corporations, including the regulation of mergers and other business combinations. The United States Supreme Court has recently reaffirmed the power of states to regulate these affairs;(2) Issuing public corporations encompass, represent, and affect, through their ongoing business operations, a variety of constituencies including shareholders, employees, customers, suppliers, and local communities and their economies whose welfare is vital to this state's interests;(3) In order to promote the welfare of these constituencies, the regulation of the internal affairs of issuing public corporations by the laws of this state governing business corporations should allow for the stable, long-term growth of issuing public corporations;(4) Business combinations involving public corporations frequently occur through acquisition techniques which in effect coerce shareholders to participate in the transaction;(5) Business combinations involving public corporations are also frequently financed largely through debt to be repaid in the short term through changes in operations of the public corporation, the sale of assets of the public corporation, and other means. These measures involve a substantial risk of unfair business dealing, may prevent shareholders from realizing the full value of their holdings through forced mergers and other coercive devices, and may undermine the state's interest in promoting stable relationships involving the corporations that it charters; and(6) The Shareholders Protection Act is not intended to alter the case law development on directors' fiduciary duties of care and loyalty in responding to challenges to control or the burden of proof with regard to compliance with those duties, nor is the act intended to prevent the use of any other lawful defensive measure.Source  Laws 1988, LB 1110, § 1.