Nebraska Statutes 70-705. Who may organize
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Any twenty or more natural persons, residents of the territory to be served by the corporation, of the age of twenty-one years or more, residents of this state, may act as incorporators of a corporation to be organized under sections 70-701 to 70-738 by executing articles of incorporation as provided in said sections.
Source
- Laws 1937, c. 50, § 5, p. 205;
- C.S.Supp.,1941, § 70-805;
- R.S.1943, § 70-705.
Terms Used In Nebraska Statutes 70-705
- 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