{"data":{"id":"us-ne/neb.-rev.-stat.-21-2-188","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 21-2,188","heading":"Effect of dissolution.","body":"(MBCA 14.05) (a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:\n(1) Collecting its assets;\n(2) Disposing of its properties that will not be distributed in kind to its shareholders;\n(3) Discharging or making provision for discharging its liabilities;\n(4) Distributing its remaining property among its shareholders according to their interests; and\n(5) Doing every other act necessary to wind up and liquidate its business and affairs.\n(b) Dissolution of a corporation does not:\n(1) Transfer title to the corporation's property;\n(2) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records;\n(3) Subject its directors or officers to standards of conduct different from those prescribed in sections 21-284 to 21-2,124;\n(4) Change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws;\n(5) Prevent commencement of a proceeding by or against the corporation in its corporate name;\n(6) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or\n(7) Terminate the authority of the registered agent of the corporation.","path":["Chapter 21 - CORPORATIONS AND OTHER COMPANIES"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=21-2,188","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-10-18T05:55:23Z","sha256":"5e5903bac8d5c9b936e30eb08a973989dc0bb8f14f8240741b6a5a34af73114e","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-21-2-187","next":"us-ne/neb.-rev.-stat.-21-2-189"},"notice":"GroundRules: Original legal text. Not legal advice."}