Nebraska Statutes 59-806. Holding companies; when unlawful
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No corporation, joint-stock company, limited liability company, or other association shall engage in business within this state, a majority of whose stock is owned by or controlled or held in trust for any manufacturing or other corporation, which, in the course of its manufacture or production, conducts its business, or any part thereof, in a manner which would be prohibited by sections 59-801 to 59-831 if it were so conducted in the course of such business within this state.
Source
- Laws 1905, c. 162, § 7, p. 639;
- R.S.1913, § 4051;
- C.S.1922, § 3454;
- C.S.1929, § 59-807;
- R.S.1943, § 59-806;
- Laws 1993, LB 121, § 361;
- Laws 2002, LB 1278, § 1.
Terms Used In Nebraska Statutes 59-806
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801