Nebraska § 21-284 - Requirement for and functions of board of directors.
Full text of Nebraska Revised Statutes of Nebraska § 21-284 — Requirement for and functions of board of directors., with citation guidance and answers to common questions.
§ 21-284. Requirement for and functions of board of directors.
(MBCA 8.01) (a) Except as provided in section 21-274, each corporation must have a board of directors.
(b) All corporate powers shall be exercised by or under the authority of the board of directors of the corporation, and the business and affairs of the corporation shall be managed by or under the direction and subject to the oversight of its board of directors, subject to any limitation set forth in the articles of incorporation or in an agreement authorized under section 21-274.
(c) In the case of a public corporation, the board's oversight responsibilities include attention to:
(1) Business performance and plans;
(2) Major risks to which the corporation is or may be exposed;
(3) The performance and compensation of senior officers;
(4) Policies and practices to foster the corporation's compliance with law and ethical conduct;
(5) Preparation of the corporation's financial statements;
(6) The effectiveness of the corporation's internal controls;
(7) Arrangements for providing adequate and timely information to directors; and
(8) The composition of the board and its committees, taking into account the important role of independent directors.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 21-284
What does Revised Statutes of Nebraska § 21-284 cover?
Section 21-284 ("Requirement for and functions of board of directors.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 21-284?
A common citation format is "Revised Statutes of Nebraska § 21-284" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 21-284 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.