§ 21-2113. Reserves; amount.
Each year, the corporation must set aside at least 10% of the prior fiscal year’s net earnings as a reserve for losses and contingencies until the reserve reaches one-half of paid-in capital stock. If the reserve becomes impaired, it must be restored.
- Jurisdiction
- United States — Nebraska
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
earnings allocation reserves
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
§ 21-2113. Reserves; amount.
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign inLexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.