49-1541 Specific Authority for Reorganizations, defined. - Nebraska Statutes

49-1541. Specific Authority for Reorganizations, defined.The short form expression, Specific Authority for Reorganizations, shall mean that the principal generally authorizes and empowers the agent to consent to, join in, oppose, settle, or otherwise participate in, to demand, enforce recovery of, obtain, or receive any dividend, payment, or other distribution as to, to exercise, sell, waive, or otherwise dispose of or use any conversion rights, options, warrants, or other securities as to, to form, join, make deposits with, negotiate with, or otherwise deal with or participate in the activities and transactions of any committee or other organization of creditors, security holders, or other persons commonly or disparately interested in, and otherwise to take part in any consolidation, liquidation, merger, recapitalization, reformation, revival, syndication, or other organic or substantive change in the character of, the financial structure of, the operations of, or the relative priorities, privileges, or rights of any interest in or any other involuntary or voluntary reorganization of any corporate or other business, governmental, or private entity. SourceLaws 1988, LB 475, § 41.