NE · constitutions

Neb. Const. art. X, § 5

Capital stock; dividends

activein force · 2026-09-25 – presentas-observed

The capital stock of public utility corporations or common carriers shall not be increased for any purpose, except after public notice for sixty days, and in such manner as may be provided by law. No dividend shall be declared or distributed except out of net earnings after paying all operating expenses including a depreciation reserve sufficient to keep the investment intact.

History

Neb. Const. art. XI, sec. 5 (1875); Amended 1920, Constitutional Convention, 1919-1920, No. 32; Transferred by Constitutional Convention, 1919-1920, art. X, sec. 5.

Provenance

Source: nebraskalegislature.gov
Retrieved: 2026-09-25
Edition: 2026-09-25
Content hash: a17dbe08b79455fc2990015a2e00268ba13a9f83e4cb663a77a2d803fbd1e4d5

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