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Contribution agreements.

Neb. Rev. Stat. § 21-2979
in effect
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21-2979. Contribution agreements. (1) A contribution agreement entered into before formation of the limited cooperative association is irrevocable for six months unless: (a) Otherwise provided by the agreement; or (b) All parties to the agreement consent to the revocation. (2) Upon default by a party to a contribution agreement entered into before formation, the limited cooperative association, once formed, may: (a) Collect the amount owed as any other debt; or (b) Unless otherwise provided in the agreement, rescind the agreement if the debt remains unpaid more than twenty days after the limited cooperative association demands payment from the party in a record. Laws 2007, LB368, § 79.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/statutes.php?statute=21-2979Fetched: 10/20/2026

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