45 Neb. Admin. Code, ch. 8, § 003 - ARTICLES OF INCORPORATION
003.01 Prior to
submitting a notice of a proposed capital stock increase, a bank must determine
if the amount of authorized capital stock set forth in its Articles of
Incorporation is sufficient to include the proposed increase. If insufficient,
the bank must amend its Articles of Incorporation in accordance with 45 NAC
6.
003.02 Prior to submitting a
notice of a proposed capital stock decrease, a bank must determine if an
amendment to its Articles of Incorporation is necessary to decrease the number
of authorized shares of the bank, which may be appropriate if cancellation or
retirement of unissued shares is planned.
003.03 Proposed amendments to the Articles of
Incorporation necessary for increasing or decreasing capital stock must be
filed with the Department prior to, or simultaneously with, the filing of the
notices referenced in this Rule, and in accordance with 45 NAC 6.
Notes
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