CORPORATIONS AND OTHER COMPANIES
Neb. Rev. Stat. ch. 21
in effectContents
section21-2,100. Committees.section21-2,101. Submission of matters for shareholder vote.section21-2,102. Standards of conduct for directors.section21-2,103. Standards of liability for directors.section21-2,104. Directors' liability for unlawful distributions.section21-2,105. Officers.section21-2,106. Functions of officers.section21-2,107. Standards of conduct for officers.section21-2,108. Resignation and removal of officers.section21-2,109. Contract rights of officers.section21-2,110. Subpart definitions.section21-2,111. Permissible indemnification.section21-2,112. Mandatory indemnification.section21-2,113. Advance for expenses.section21-2,114. Court-ordered indemnification and advance for expenses.section21-2,115. Determination and authorization of indemnification.section21-2,116. Indemnification of officers.section21-2,117. Insurance.section21-2,118. Variation by corporate action; application of subchapter.section21-2,119. Exclusivity of subpart.section21-2,120. Subpart definitions.section21-2,121. Judicial action.section21-2,122. Directors' action.section21-2,123. Shareholders' action.section21-2,124. Business opportunities.section21-2,125. Excluded transactions.section21-2,126. Required approvals.section21-2,127. Domestication.section21-2,128. Action on a plan of domestication.section21-2,129. Articles of domestication.section21-2,130. Surrender of charter upon domestication.section21-2,131. Effect of domestication.section21-2,132. Abandonment of a domestication.section21-2,133. Nonprofit conversion.section21-2,134. Action on a plan of nonprofit conversion.section21-2,135. Articles of nonprofit conversion.section21-2,136. Surrender of charter upon foreign nonprofit conversion.section21-2,137. Effect of nonprofit conversion.section21-2,138. Abandonment of a nonprofit conversion.section21-2,139. Foreign nonprofit domestication and conversion.section21-2,140. Articles of domestication and conversion.section21-2,141. Effect of foreign nonprofit domestication and conversion.section21-2,142. Abandonment of a foreign nonprofit domestication and conversion.section21-2,143. Entity conversion authorized; definitions.section21-2,144. Plan of entity conversion.section21-2,145. Action on a plan of entity conversion.section21-2,146. Articles of entity conversion.section21-2,147. Surrender of charter upon conversion.section21-2,148. Effect of entity conversion.section21-2,149. Abandonment of an entity conversion.section21-2,150. Authority to amend.section21-2,151. Amendment before issuance of shares.section21-2,152. Amendment by board of directors and shareholders.section21-2,153. Voting on amendments by voting groups.section21-2,154. Amendment by board of directors.section21-2,155. Articles of amendment.section21-2,156. Restated articles of incorporation.section21-2,157. Amendment pursuant to reorganization.section21-2,158. Effect of amendment.section21-2,159. Amendment by board of directors or shareholders.section21-2,160. Bylaw increasing quorum or voting requirement for directors.section21-2,161. Definitions.section21-2,162. Merger.section21-2,163. Share exchange.section21-2,164. Action on a plan of merger or share exchange.section21-2,165. Merger between parent and subsidiary or between subsidiaries.section21-2,166. Articles of merger or share exchange.section21-2,167. Effect of merger or share exchange.section21-2,168. Abandonment of a merger or share exchange.section21-2,169. Disposition of assets not requiring shareholder approval.section21-2,170. Shareholder approval of certain dispositions.section21-2,171. Definitions.section21-2,172. Right to appraisal.section21-2,173. Assertion of rights by nominees and beneficial owners.section21-2,174. Notice of appraisal rights.section21-2,175. Notice of intent to demand payment and consequences of voting or consenting.section21-2,176. Appraisal notice and form.section21-2,177. Perfection of rights; right to withdraw.section21-2,178. Payment.section21-2,179. After-acquired shares.section21-2,180. Procedure if shareholder dissatisfied with payment or offer.section21-2,181. Court action.section21-2,182. Court costs and expenses.section21-2,183. Other remedies limited.section21-2,184. Dissolution by incorporators or initial directors.section21-2,185. Dissolution by board of directors and shareholders.section21-2,186. Articles of dissolution.section21-2,187. Revocation of dissolution.section21-2,188. Effect of dissolution.section21-2,189. Known claims against dissolved corporation.section21-2,190. Other claims against dissolved corporation.section21-2,191. Court proceedings.section21-2,192. Director duties.section21-2,193. Grounds for administrative dissolution.section21-2,194. Procedure for and effect of administrative dissolution.section21-2,195. Reinstatement following administrative dissolution.section21-2,196. Appeal from denial of reinstatement.section21-2,197. Grounds for judicial dissolution.section21-2,198. Procedure for judicial dissolution.section21-2,199. Receivership or custodianship.section21-2,200. Decree of dissolution.section21-2,201. Election to purchase in lieu of dissolution.section21-2,202. Deposit with State Treasurer.section21-2,203. Authority to transact business required.section21-2,204. Consequences of transacting business without authority.section21-2,205. Application for certificate of authority.section21-2,206. Amended certificate of authority.section21-2,207. Effect of certificate of authority.section21-2,208. Corporate name of foreign corporation.section21-2,209. Registered office and registered agent of foreign corporation.section21-2,210. Change of registered office or registered agent of foreign corporation.section21-2,211. Resignation of registered agent of foreign corporation.section21-2,212. Service on foreign corporation.section21-2,213. Withdrawal of foreign corporation.section21-2,214. Automatic withdrawal upon certain conversions.section21-2,215. Withdrawal upon conversion to a nonfiling entity.section21-2,216. Transfer of authority.section21-2,217. Grounds for revocation.section21-2,218. Procedure for and effect of revocation.section21-2,219. Foreign corporation; reinstatement.section21-2,220. Appeal from revocation.section21-2,220.01. Foreign corporation; domestication; procedure.section21-2,220.02. Foreign corporation; cessation of domestication.section21-2,220.03. Foreign corporation; surrender of foreign charter; effect.section21-2,220.04. Foreign corporation; domesticated under prior law; status.section21-2,221. Corporate records.section21-2,222. Inspection of records by shareholders.section21-2,223. Scope of inspection right.section21-2,224. Court-ordered inspection.section21-2,225. Inspection of records by directors.section21-2,226. Exception to notice requirements.section21-2,227. Financial statements for shareholders.section21-2,228. Biennial report for Secretary of State.section21-2,229. Notice of incorporation, amendment, merger, or share exchange; notice of dissolution.section21-2,230. Application to existing domestic corporations.section21-2,231. Application to qualified foreign corporations.section21-2,232. Saving provisions.section21-17,100. Investment of funds.section21-17,101. Deposit of funds.section21-17,102. Authorized investments.section21-17,103. Transfer to regular reserve account.section21-17,104. Allowance-for-loan-losses account.section21-17,105. Use of regular reserve account.section21-17,106. Special reserve account.section21-17,107. Waiver of reserve requirements.section21-17,108. Liquidation.section21-17,109. Merger or consolidation.section21-17,110. Conversion.section21-17,111. Conversion from state to federal credit union.section21-17,112. Conversion from federal to state credit union.section21-17,113. Property taxation and collection.section21-17,114. Credit Union Act Fund; created; use; investment.section21-17,115. Credit union organized under laws of Nebraska; rights, powers, privileges, and immunities of federal credit union; exception.section21-19,100. Court-ordered indemnification.section21-19,101. Determination and authorization of indemnification.section21-19,102. Indemnification of officers, employees, and agents.section21-19,103. Insurance.section21-19,104. Applicability of sections.section21-19,105. Authority to amend.section21-19,106. Amendment of articles of incorporation by directors.section21-19,107. Amendment of articles of incorporation by directors and members.section21-19,108. Class voting by members on amendments.section21-19,109. Articles of amendment.section21-19,110. Restated articles of incorporation.section21-19,111. Amendment pursuant to judicial reorganization.section21-19,112. Effect of amendment and restatement.section21-19,113. Amendment to bylaws by directors.section21-19,114. Amendment to bylaws by directors and members.section21-19,115. Class voting by members on amendments.section21-19,116. Approval by third persons.section21-19,117. Amendment terminating members or redeeming or canceling memberships.section21-19,118. Approval of plan of merger.section21-19,119. Mergers by public benefit or religious corporations; procedure.section21-19,120. Action on plan by board, members, and third persons.section21-19,121. Articles of merger.section21-19,122. Effect of merger.section21-19,123. Merger with foreign corporation.section21-19,124. Bequests, devises, and gifts.section21-19,125. Sale of assets in regular course of activities and mortgage of assets.section21-19,126. Sale of assets other than in regular course of activities.section21-19,127. Prohibited distributions.section21-19,128. Authorized distributions.section21-19,129. Dissolution by incorporators or directors; notice of dissolution; plan.section21-19,130. Dissolution by directors, members, and third persons; plan.section21-19,131. Notice to the Attorney General.section21-19,132. Articles of dissolution.section21-19,133. Revocation of dissolution.section21-19,134. Effect of dissolution.section21-19,135. Known claims against dissolved corporations; notice.section21-19,136. Unknown claims against dissolved corporation; notice.section21-19,137. Grounds for administrative dissolution.section21-19,138. Procedure for and effect of administrative dissolution.section21-19,139. Reinstatement following administrative dissolution.section21-19,140. Appeal from denial of reinstatement.section21-19,141. Grounds for judicial dissolution.section21-19,142. Procedure for judicial dissolution.section21-19,143. Receivership or custodianship.section21-19,144. Decree of dissolution.section21-19,145. Assets; deposit with State Treasurer; when.section21-19,146. Foreign corporation; authority to transact business required.section21-19,147. Foreign corporation; transacting business without authority; consequences; civil penalty.section21-19,148. Foreign corporation; application for certificate of authority.section21-19,149. Foreign corporation; amended certificate of authority.section21-19,150. Foreign corporation; effect of certificate of authority.section21-19,151. Foreign corporation; corporate name.section21-19,152. Foreign corporation; registered office; registered agent.section21-19,153. Foreign corporation; change of registered office or registered agent.section21-19,154. Foreign corporation; resignation of registered agent.section21-19,155. Foreign corporation; service.section21-19,156. Foreign corporation; withdrawal.section21-19,157. Foreign corporation; grounds for revocation of certificate of authority.section21-19,158. Foreign corporation; procedure and effect of revocation.section21-19,159. Foreign corporation; revoked certificate; application for reinstatement.section21-19,160. Foreign corporation; denial of reinstatement; appeal.section21-19,161. Foreign corporation; domestication procedure.section21-19,162. Foreign corporation; renouncing domestication.section21-19,163. Foreign corporation; domestication; procedure; effect.section21-19,164. Foreign corporation organized prior to January 1, 1997; status.section21-19,165. Corporate records.section21-19,166. Inspection of records by members.section21-19,167. Scope of inspection rights.section21-19,168. Court-ordered inspection.section21-19,169. Limitations on use of membership list.section21-19,170. Financial statements for members.section21-19,171. Report of indemnification to members.section21-19,172. Biennial report; contents.section21-19,173. Notice of incorporation, amendment, merger, or dissolution; publication.section21-19,174. Applicability of act.section21-19,175. Foreign corporation; subject to act; effect.section21-19,176. Repeal of former law; effect.section21-19,177. Public benefit, mutual benefit, and religious corporation; designation.section21-29,100. Complaint.section21-29,101. Proceeds and expenses.section21-29,102. Governing law.section21-29,103. Application for certificate of authority.section21-29,104. Activities not constituting transacting business.section21-29,105. Filing of certificate of authority.section21-29,106. Noncomplying name of foreign cooperative.section21-29,107. Revocation of certificate of authority.section21-29,108. Cancellation of certificate of authority; effect of failure to have certificate.section21-29,109. Action by Attorney General.section21-29,110. Authority to amend articles of organization or bylaws; rights of member.section21-29,111. Notice and action on amendment of articles of organization or bylaws.section21-29,112. Change to amendment of articles of organization or bylaws at meeting.section21-29,113. Approval of amendment.section21-29,114. Vote affecting group, class, or district of members.section21-29,115. Emergency bylaws; procedure for adoption.section21-29,116. Amendment or restatement of articles of organization.section21-29,117. Merger and consolidation; terms, defined.section21-29,122. Merger or consolidation.section21-29,123. Notice and action on plan of merger or consolidation by constituent limited cooperative association.section21-29,124. Approval or abandonment of merger or consolidation by members of constituent limited cooperative association.section21-29,125. Merger or consolidation with subsidiary.section21-29,126. Filings required for merger or consolidation; effective date.section21-29,127. Effect of merger or consolidation.section21-29,129. Disposition of assets.section21-29,130. Notice and action on disposition of assets.section21-29,131. Vote on disposition of assets.section21-29,132. Exemption from Securities Act of Nebraska.section21-29,133. Immunities, rights, and privileges.section21-29,134. Secretary of State; powers.section21-101. Act, how cited.section21-102. Terms, defined.section21-103. Knowledge; notice.section21-104. Nature, purpose and duration of limited liability company; classification for tax purposes.section21-105. Powers.section21-106. Governing law.section21-107. Supplemental principles of law.section21-108. Name.section21-109. Reservation of name.section21-110. Operating agreement; scope, function, and limitations.section21-111. Operating agreement; effect on limited liability company and persons becoming members; preformation agreement.section21-112. Operating agreement; effect on third parties and relationship to records effective on behalf of limited liability company.section21-113. Office and agent for service of process.section21-114. Change of designated office or agent for service of process; change of address.section21-115. Resignation of agent for service of process.section21-116. Service of process.section21-117. Formation; certificate of organization and other filings.section21-118. Amendment or restatement of certificate of organization.section21-119. Signing of records to be delivered for filing to Secretary of State.section21-120. Signing and filing pursuant to judicial order.section21-121. Delivery to and filing of records by Secretary of State; effective time and date.section21-122. Correcting filed record.section21-123. Liability for inaccurate information in filed record.section21-124. Certificate of existence or authorization.section21-125. Biennial report.section21-126. No agency power of member as member.section21-127. Statement of authority.section21-128. Statement of denial.section21-129. Liability of members and managers.section21-130. Becoming member.section21-131. Form of contribution.section21-132. Liability for contributions.section21-133. Sharing of and right to distributions before dissolution.section21-134. Limitations on distribution.section21-135. Liability for improper distributions.section21-136. Management of limited liability company.section21-137. Indemnification and insurance.section21-138. Standards of conduct for members and managers.section21-139. Right of members, managers, and dissociated members to information.section21-140. Nature of transferable interest.section21-141. Transfer of transferable interest.section21-142. Charging order.section21-143. Power of personal representative of deceased member.section21-144. Member's power to dissociate; wrongful dissociation.section21-145. Events causing dissociation.section21-146. Effect of person's dissociation as member.section21-147. Events causing dissolution; rescission; procedure.section21-148. Winding up.section21-149. Known claims against dissolved limited liability company.section21-150. Other claims against dissolved limited liability company.section21-151. Administrative dissolution.section21-152. Reinstatement following administrative dissolution.section21-153. Appeal from rejection of reinstatement.section21-154. Distribution of assets in winding up limited liability company's activities.section21-155. Governing law.section21-156. Application for certificate of authority.section21-157. Activities not constituting transacting business.section21-158. Filing of certificate of authority.section21-159. Noncomplying name of foreign limited liability company.section21-160. Revocation of certificate of authority.section21-161. Cancellation of certificate of authority.section21-162. Effect of failure to have certificate of authority.section21-163. Action by Attorney General.section21-164. Direct action by member.section21-165. Derivative action.section21-166. Proper plaintiff.section21-167. Complaint.section21-168. Special litigation committee.section21-169. Proceeds and expenses.section21-170. Terms, defined.section21-171. Merger.section21-172. Action on plan of merger by constituent limited liability company.section21-173. Filings required for merger; effective date.section21-174. Effect of merger.section21-175. Conversion.section21-176. Action on plan of conversion by converting limited liability company.section21-177. Filings required for conversion; effective date.section21-178. Effect of conversion.section21-179. Domestication.section21-180. Action on plan of domestication by domesticating limited liability company.section21-181. Filings required for domestication; effective date.section21-182. Effect of domestication.section21-183. Restrictions on approval of mergers, conversions, and domestications.section21-184. Sections not exclusive.section21-185. Professional service; filing required; certificate of registration; contents.section21-186. Certificate of registration; application; contents; display; electronic records; use; license verification; Secretary of State; duties.section21-187. Certificate of registration; expiration; annual application.section21-188. Certificate of registration; suspension or revocation; procedure; notice.section21-189. Authority and duty of regulatory body licensing professionals.section21-190. Professional service; limitation.section21-191. Applicability to attorneys at law.section21-192. Fees.section21-193. Notice; publication required; filing.section21-194. Uniformity of application and construction.section21-195. Relation to Electronic Signatures in Global and National Commerce Act.section21-196. Effect on certain actions, proceedings, and rights.section21-197. Application to existing relationships.section21-201. Short title.section21-202. Reservation of power to amend or repeal.section21-203. Requirements for documents; extrinsic facts.section21-204. Forms.section21-205. Filing, service, and copying fees.section21-206. Effective time and date of document.section21-207. Correcting filed document.section21-208. Filing duty of Secretary of State.section21-209. Appeal from Secretary of State's refusal to file document.section21-210. Evidentiary effect of copy of filed document.section21-211. Certificate of existence.section21-212. Penalty for signing false document.section21-213. Powers.section21-214. Act definitions.section21-215. Notices and other communications.section21-216. Number of shareholders.section21-217. Qualified director.section21-218. Householding.section21-218.01. Definitions.section21-218.02. Defective corporate actions.section21-218.03. Ratification of defective corporate actions.section21-218.04. Action on ratification.section21-218.05. Notice requirements.section21-218.06. Effect of ratification.section21-218.07. Filings.section21-218.08. Judicial proceedings regarding validity of corporate actions.section21-219. Incorporators.section21-220. Articles of incorporation.section21-221. Incorporation.section21-222. Liability for preincorporation transactions.section21-223. Organization of corporation.section21-224. Bylaws.section21-225. Emergency bylaws.section21-226. Purposes.section21-227. General powers.section21-228. Emergency powers.section21-229. Ultra vires.section21-230. Corporate name.section21-231. Reserved name.section21-232. Registered name.section21-233. Registered office and registered agent.section21-234. Change of registered office or registered agent.section21-235. Resignation of registered agent.section21-236. Service on corporation.section21-237. Authorized shares.section21-238. Terms of class or series determined by board of directors.section21-239. Issued and outstanding shares.section21-240. Fractional shares.section21-241. Subscription for shares before incorporation.section21-242. Issuance of shares.section21-243. Liability of shareholders.section21-244. Share dividends.section21-245. Share options and other awards.section21-246. Form and content of certificates.section21-247. Shares without certificates.section21-248. Restriction on transfer of shares and other securities.section21-249. Expense of issue.section21-250. Shareholders' preemptive rights.section21-251. Corporation's acquisition of its own shares.section21-252. Distributions to shareholders.section21-253. Annual meeting.section21-254. Special meeting.section21-255. Court-ordered meeting.section21-256. Action without meeting.section21-257. Notice of meeting.section21-258. Waiver of notice.section21-259. Record date.section21-260. Conduct of the meeting.section21-261. Remote participation in annual and special meetings.section21-262. Shareholders' list for meeting.section21-263. Voting entitlement of shares.section21-264. Proxies.section21-265. Shares held by intermediaries and nominees.section21-266. Corporation's acceptance of votes.section21-267. Quorum and voting requirements for voting groups.section21-268. Action by single and multiple voting groups.section21-269. Greater quorum or voting requirements.section21-270. Voting for directors; cumulative voting.section21-271. Inspectors of election.section21-271.01. Judicial review of corporate elections, shareholder votes, and other corporate governance disputes.section21-272. Voting trusts.section21-273. Voting agreements.section21-274. Shareholder agreements.section21-275. Subpart definitions.section21-276. Standing.section21-277. Demand.section21-278. Stay of proceedings.section21-279. Dismissal.section21-280. Discontinuance or settlement.section21-281. Payment of expenses.section21-282. Applicability to foreign corporations.section21-283. Shareholder action to appoint custodian or receiver.section21-284. Requirement for and functions of board of directors.section21-285. Qualifications of directors.section21-286. Number and election of directors.section21-287. Election of directors by certain classes of shareholders.section21-288. Terms of directors generally.section21-289. Staggered terms for directors.section21-290. Resignation of directors.section21-291. Removal of directors by shareholders.section21-292. Removal of directors by judicial proceeding.section21-293. Vacancy on board.section21-294. Compensation of directors.section21-295. Meetings.section21-296. Action without meeting.section21-297. Notice of meeting.section21-298. Waiver of notice.section21-299. Quorum and voting.section21-301. Domestic corporations; biennial report and occupation tax; procedure.section21-302. Domestic corporations; biennial report; contents.section21-303. Corporations; occupation tax; amount; stock without par value, determination of amount.section21-304. Foreign corporations; biennial report and occupation tax; procedure.section21-305. Foreign corporations; biennial report; contents.section21-306. Foreign corporations; occupation tax; investigation by Secretary of State for collection purposes.section21-311. Occupation taxes; disposition; monthly report of Secretary of State.section21-312. Occupation taxes; lien; notice; lien subject to prior liens.section21-313. Domestic corporation; foreign corporation; failure to file report or pay occupation tax; effect.section21-314. Occupation taxes; how collected; credited to General Fund.section21-315. Occupation taxes; collection; venue of action.section21-318. List of corporations; duty of Secretary of State.section21-319. Investigation by Secretary of State for collection purposes; duty of county clerk.section21-321. Reports and fees; exemptions.section21-322. Dissolution; certificate required; filing; fees.section21-323. Domestic corporations; reports and taxes; notice; failure to pay; administrative dissolution; lien; priority.section21-323.01. Domestic corporation administratively dissolved; reinstatement; application; procedure; payment required.section21-323.02. Domestic corporation administratively dissolved; denial of reinstatement; appeal.section21-325. Foreign corporations; reports and taxes; notice; failure to pay; authority to transact business revoked; lien; priority.section21-325.01. Foreign corporation authority to transact business revoked; reinstatement; procedure.section21-325.02. Foreign corporation authority to transact business; reinstatement denied; appeal.section21-328. Occupation tax; refund; procedure; appeal.section21-329. Paid-up capital stock, defined.section21-330. Corporations; excess payment; refund.section21-401. Act, how cited.section21-402. Applicability of act; Nebraska Model Business Corporation Act generally applicable.section21-403. Terms, defined.section21-404. Incorporation; articles of incorporation; statement required.section21-405. Existing business corporation; amend articles of incorporation; statement required; other entities; procedure.section21-406. Benefit corporation; terminate status; procedure.section21-407. General public benefit; specific public benefit.section21-408. Board of directors, committees of the board, and directors; duties; powers; liability.section21-409. Board of directors; benefit director; annual benefit report; contents; liability.section21-410. Officer; consider interests and factors; liability; duties.section21-411. Benefit officer; powers and duties.section21-412. Limitation on actions and claims; liability; benefit enforcement proceeding; when authorized.section21-413. Annual benefit report; contents.section21-414. Annual benefit report; distribution; posting; Secretary of State; filing; fee.section21-501. Short title.section21-502. Definitions.section21-503. Nature of protected series.section21-504. Powers and duration of protected series.section21-505. Governing law.section21-506. Relation of operating agreement, this act, and Nebraska Uniform Limited Liability Company Act.section21-507. Additional limitations on operating agreement.section21-508. Rules for applying Nebraska Uniform Limited Liability Company Act to specified provisions of act.section21-509. Protected series designation; amendment.section21-510. Name.section21-511. Registered agent.section21-512. Service of process, notice, demand, or other record.section21-513. Certificate of existence for protected series; certificate of authority for foreign protected series.section21-514. Information required in biennial report; effect of failure to provide.section21-515. Associated asset.section21-516. Associated member.section21-517. Protected-series transferable interest.section21-518. Management.section21-519. Right of person not associated member of protected series to information concerning protected series.section21-520. Limitations on liability.section21-521. Claim seeking to disregard limitation of liability.section21-522. Remedies of judgment creditor of associated member or protected-series transferee.section21-523. Enforcement against nonassociated asset.section21-524. Events causing dissolution of protected series.section21-525. Winding up dissolved protected series.section21-526. Effect of reinstatement of series limited liability company or revocation of voluntary dissolution.section21-527. Definitions.section21-528. Protected series; prohibited acts.section21-529. Series limited liability company; prohibited acts.section21-530. Merger authorized; parties restricted.section21-531. Plan of merger.section21-532. Articles of merger.section21-533. Effect of merger.section21-534. Application of section 21-523 after merger.section21-535. Governing law.section21-536. No attribution of activities constituting doing business or for establishing jurisdiction.section21-537. Authorization of foreign protected series.section21-538. Disclosure required when foreign series limited liability company or foreign protected series party to proceeding.section21-539. Uniformity of application and construction.section21-540. Relation to Electronic Signatures in Global and National Commerce Act.section21-542. Savings clause.section21-608. Societies declared to be corporations; status of subordinate organizations.section21-609. Societies declared to be corporations; power to acquire and hold property; charter, constitution; filing of copy required.section21-610. Societies declared to be corporations; power to act as administrator, executor, guardian, or trustee.section21-611. Corporate acts; how attested.section21-612. Subordinate organizations; operation of orphanages and other homes; incorporation; acquisition of property; use and investment of funds; power to borrow.section21-613. Grand organizations; operation of orphanages and other homes; acquisition of property; use and investment of funds.section21-614. Orphanages and other homes; books, inspection by Auditor of Public Accounts; diversion of property and funds; powers of Attorney General.section21-615. Orphanages and other homes; establishment; certified copy of charter to be filed.section21-616. Orphanages and other homes; establishment under other laws.section21-617. Society names and emblems; registration.section21-618. Society names and emblems; registration; procedure; effect.section21-619. Society names and emblems; registration; record.section21-620. Society names and emblems; similarity; registration not granted, when.section21-621. Society names and emblems; registration; certificate to issue.section21-622. Society emblems; unlawful use; penalty.section21-623. Society names and emblems; registration; fees.section21-624. Society names and emblems; registration; organizations not affected.section21-1101. Legislative grant of charter; reservation of power to change.section21-1301. Cooperative corporation; formation; general purposes and powers; exceptions; action by cooperative corporation; vote required.section21-1302. Cooperative corporation; articles of incorporation; contents.section21-1303. Cooperative corporation; additional powers; stockholder vote; conditions; adoption of articles and bylaws.section21-1304. Cooperative corporation; contracts with members; provisions; damages for breach.section21-1305. Cooperative corporation; fees, filings, and reports.section21-1306. Cooperative; use of word restricted; penalty for violation.section21-1333. Cooperative farm land company; incorporation; purposes; general powers.section21-1334. Cooperative farm land company; articles of incorporation; contents; new members.section21-1335. Cooperative farm land company; corporate powers.section21-1336. Cooperative farm land company; annual report; contents; fee.section21-1337. Cooperative farm land company; certificate of compliance; occupation tax laws inapplicable.section21-1338. Cooperative farm land company; fees; disposition.section21-1339. Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.section21-1401. Terms, defined; act, how cited.section21-1402. Formation; purposes.section21-1403. Articles of incorporation; contents.section21-1404. Articles of incorporation; filing; certified copy as evidence; fees.section21-1405. Powers.section21-1406. Members; eligibility; suspension or withdrawal; voting; liability for corporate debts; certificate of membership.section21-1407. Bylaws.section21-1408. Directors; duties and powers; annual and special meetings; notice.section21-1410. Marketing contracts; breach; rights of association.section21-1411. Federation of associations; acquisition of stock or membership; agreements.section21-1412. Cooperative; use of term restricted.section21-1414. Application of general corporation laws.section21-1701. Act, how cited.section21-1702. Definitions, where found.section21-1702.01. Associate director, defined.section21-1703. Capital, defined.section21-1704. Corporate central credit union, defined.section21-1705. Credit union, defined.section21-1706. Department, defined.section21-1707. Director, defined.section21-1708. Employee, defined.section21-1708.01. Financial institution, defined.section21-1709. Fixed asset, defined.section21-1710. Immediate family, defined.section21-1711. Individual, defined.section21-1712. Insolvent, defined.section21-1713. Line of credit, defined.section21-1714. Loan, defined.section21-1715. Membership officer, defined.section21-1716. Membership shares, defined.section21-1717. Official, defined.section21-1718. Organization, defined.section21-1719. Person, defined.section21-1720. Reserves, defined.section21-1721. Risk assets, defined.section21-1722. Share account, defined.section21-1723. Ownership of a share account; rights.section21-1724. Organization; procedure; hearing.section21-1725.01. New credit union; branch credit union; application; procedure; hearing.section21-1726. Forms of articles and bylaws.section21-1727. Articles and bylaws; amendments.section21-1728. Use of name exclusive; violation; penalty; injunction.section21-1729. Place of business.section21-1730. Fiscal year.section21-1731. Department; general powers.section21-1732. Director; powers and duties.section21-1733. Order; appeal; procedure.section21-1734. Corrective measures; receivership proceedings.section21-1735. National Credit Union Administration Board; appointment as receiver or liquidator.section21-1736. Examinations.section21-1737. Records.section21-1738. Reports.section21-1740. Credit union; powers.section21-1741. Safe deposit box service.section21-1742. Incidental powers.section21-1743. Membership; requirements.section21-1744. Fees.section21-1745. Retention of membership; when.section21-1746. Liability of members.section21-1747. Expulsion of members.section21-1748. Termination of members.section21-1749. Meetings.section21-1750. Voting rights.section21-1751. Special meeting.section21-1752. Central credit union; membership.section21-1753. Central credit union; board of directors; credit committee.section21-1754. Central credit union; board of directors; officers; supervisory committee.section21-1755. Central credit union; purchase of credit union.section21-1756. Central credit union; loans and investments; limitations.section21-1757. Direction of credit union affairs.section21-1758. Election or appointment of board and committees.section21-1759. Record of board and committee membership.section21-1760. Vacancies.section21-1761. Compensation; expenses.section21-1762. Conflicts of interest.section21-1763. Indemnification.section21-1764. Officers; duties.section21-1765. Board of directors; authority.section21-1766. Executive committee.section21-1767. Meetings of directors.section21-1767.01. Bond.section21-1768. Duties of directors.section21-1768.01. Associate directors.section21-1769. Credit committee; credit manager; loan officers; powers and duties.section21-1770. Loan officer license; opt out.section21-1771. Supervisory committee; duties; audit.section21-1772. Suspension and removal of officials.section21-1773. Share insurance.section21-1774. Shares.section21-1775. Special purpose share accounts.section21-1776. Dividends.section21-1777. Accounting for interest and dividend expenses.section21-1778. Maximum share account.section21-1779. Withdrawals.section21-1780. Fees related to member accounts.section21-1781. Minor accounts.section21-1782. Joint accounts.section21-1783. Trust accounts.section21-1784. Liens.section21-1785. Dormant accounts.section21-1786. Reduction in shares.section21-1787. Purpose and conditions of loans.section21-1788. Interest rate.section21-1789. Other charges related to loans.section21-1790. Loan documentation.section21-1791. Loan limit.section21-1792. Installments.section21-1793. Line of credit.section21-1794. Participation loans.section21-1795. Other loan programs.section21-1796. Loans to officials.section21-1797. Liability insurance.section21-1798. Money-type instruments.section21-1799. Federally authorized plans; powers; treatment.section21-1901. Act, how cited.section21-1902. Legislative power.section21-1903. Filing requirements.section21-1904. Forms.section21-1905. Fees.section21-1906. Effective date of document.section21-1907. Correcting filed document.section21-1908. Secretary of State; duties.section21-1909. Refusal to file document; appeal.section21-1910. Filed document; evidentiary effect.section21-1911. Certificate of existence.section21-1912. Signing false document; penalty.section21-1913. Secretary of State; powers.section21-1914. Terms, defined.section21-1915. Notice.section21-1916. Private foundations; requirements.section21-1917. Meetings and votes; court order.section21-1918. Attorney General; notice; powers.section21-1919. Religious corporations; constitutional protections.section21-1920. Incorporators.section21-1921. Articles of incorporation.section21-1922. Incorporation.section21-1923. Liability for preincorporation transactions.section21-1924. Organization of corporation.section21-1925. Bylaws.section21-1926. Emergency bylaws and powers.section21-1927. Purposes.section21-1928. General powers.section21-1929. Emergency powers.section21-1930. Ultra vires.section21-1931. Corporate name.section21-1932. Reserved name.section21-1933. Registered name.section21-1934. Registered office; registered agent.section21-1935. Change of registered office or registered agent.section21-1936. Resignation of registered agent.section21-1937. Service on corporation.section21-1938. Admission of members.section21-1939. Consideration.section21-1940. No requirement of members.section21-1941. Differences in rights and obligations.section21-1942. Transfers.section21-1943. Member's liability to third parties.section21-1944. Member's liability for dues, assessments, and fees.section21-1945. Creditor's action against member.section21-1946. Resignation.section21-1947. Termination, expulsion, and suspension.section21-1948. Purchase of memberships.section21-1949. Derivative suits.section21-1950. Delegates.section21-1951. Annual and regular meetings.section21-1952. Special meeting.section21-1953. Court-ordered meeting.section21-1954. Action by written consent.section21-1955. Notice of meeting.section21-1956. Waiver of notice.section21-1957. Record date; determining members entitled to notice and vote.section21-1958. Action by written ballot.section21-1959. Members' list for meeting.section21-1960. Voting entitlement generally.section21-1961. Quorum requirements.section21-1962. Voting requirements.section21-1963. Proxies.section21-1964. Cumulative voting for directors.section21-1965. Other methods of electing directors.section21-1966. Corporation's acceptance of votes.section21-1967. Voting agreements.section21-1968. Requirement for and duties of board of directors.section21-1969. Qualifications of directors.section21-1970. Number of directors.section21-1971. Election, designation, and appointment of directors.section21-1972. Terms of directors generally.section21-1973. Staggered terms for directors.section21-1974. Resignation of directors.section21-1975. Removal of directors elected by members or directors.section21-1976. Removal of designated or appointed directors.section21-1977. Removal of directors by judicial proceeding.section21-1978. Vacancy on board.section21-1979. Compensation of directors.section21-1980. Regular and special meetings.section21-1981. Action without meeting.section21-1982. Call and notice of meeting.section21-1983. Waiver of notice.section21-1984. Quorum; voting.section21-1985. Committees of the board.section21-1986. General standards for directors.section21-1987. Director; conflict of interest.section21-1988. Loans to or guaranties for directors and officers.section21-1989. Liability for unlawful distributions.section21-1990. Required officers.section21-1991. Duties and authority of officers.section21-1992. Standards of conduct for officers.section21-1993. Resignation and removal of officers.section21-1994. Contract rights of officers.section21-1995. Officers' authority to execute documents.section21-1996. Terms, defined.section21-1997. Authority to indemnify.section21-1998. Mandatory indemnification.section21-1999. Advance for expenses.section21-2101. Act, how cited.section21-2102. Terms, defined.section21-2103. Business development corporations; incorporation.section21-2104. Business development corporation; purposes.section21-2105. Powers.section21-2106. Name.section21-2107. Offices; location.section21-2108. Shares; acquire, sell, assign, or mortgage.section21-2109. Membership; investment.section21-2110. Shares; par value; authorized capital.section21-2111. Board of directors; election; vacancy.section21-2112. Articles of incorporation; amendment.section21-2113. Reserves; amount.section21-2114. Funds; deposit.section21-2115. Books and records.section21-2116. Shares; exempt from registration.section21-2117. Credit of state not pledged.section21-2201. Act, how cited.section21-2202. Terms, defined.section21-2203. Powers, benefits, and privileges.section21-2204. Articles of incorporation; certificate of registration; filing.section21-2205. Professional services that may be rendered.section21-2206. Corporate name.section21-2207. Offices; designate in articles of incorporation; change; duties.section21-2208. Shares of capital stock; issuance; transfer; conditions; violation; effect.section21-2209. Provision of services in another jurisdiction; license required, when; foreign corporation; requirements.section21-2210. Professional relationship and liabilities.section21-2211. Regulating board; powers.section21-2212. Death or disqualification of shareholder; purchase or redemption of shares; death or disqualification of last remaining shareholder; powers of successor in interest.section21-2213. Officer, shareholder, agent, or employee; legally disqualified; effect.section21-2214. Secretary of State; names of corporations; certify to Attorney General; legally disqualified officer, shareholder, agent, or employee; action for dissolution.section21-2215. Involuntary dissolution; procedure.section21-2216. Regulating board; certificate of registration; contents; filing; fee; display; electronic access; Secretary of State; duty; corporate suspension or dissolution; when.section21-2217. Registration certificate; term; filing; failure to file; effect; not transferable.section21-2218. Regulating board; certificate of registration; revoke or suspend; procedure.section21-2219. Merger or consolidation.section21-2220. Sections; attorneys at law; applicability.section21-2221. Sections; when not applicable.section21-2222. Rights of natural persons.section21-2223. Designated broker; professional corporation.section21-2301. Terms, defined.section21-2302. Legislative intent.section21-2303. Incorporation; procedure; application; approval.section21-2304. Articles of incorporation; contents.section21-2305. Articles of incorporation; filing.section21-2306. Articles of incorporation; amendment; procedure.section21-2307. Board of directors; qualifications; expenses; public meetings.section21-2308. Corporate powers.section21-2309. Corporate bonds; payment.section21-2310. Bonds; security.section21-2311. Corporation; property; bonds; exempt from taxation.section21-2312. Local political subdivision; liability; exempt.section21-2313. Corporation; nonprofit.section21-2314. Corporation; dissolution; effect.section21-2315. Corporation; documents; filing without payment of fees or taxes.section21-2316. Act; how construed.section21-2317. Corporation incorporated under Nebraska Nonprofit Corporation Act; validated.section21-2318. Act, how cited.section21-2431. Act, how cited.section21-2432. Legislative declarations.section21-2433. Definitions, where found.section21-2434. Acquiring person, defined.section21-2435. Affiliate, defined.section21-2436. Associate, defined.section21-2437. Business combination, defined.section21-2438. Control, controlling, controlled by, or under common control with, defined.section21-2439. Control-share acquisition, defined.section21-2440. Interested shareholder, defined.section21-2441. Interested shares, defined.section21-2442. Issuing public corporation, defined.section21-2443. Owner, defined.section21-2444. Person, defined.section21-2445. Share acquisition date, defined.section21-2446. Subsidiary of an issuing public corporation, defined.section21-2447. Voting stock, defined.section21-2448. Stock or other property; market value; how determined.section21-2449. Acquiring person; deliver information statement; contents; amendment.section21-2450. Consideration of voting rights; special meeting; conditions.section21-2451. Control-share acquisition; voting rights of shares.section21-2452. Business combination; prohibited activities.section21-2453. Act; exemptions.section21-2501. Act, how cited.section21-2502. Registration of corporate name; procedure; term.section21-2503. Corporation dissolution; change of name; effect; continued use of name; not required.section21-2504. Corporate name; registration; assignment; procedure.section21-2505. Names registered; Secretary of State; duties.section21-2506. Secretary of State; cancel registration; when.section21-2507. False or fraudulent registration; liability.section21-2508. Wrongful use of registered name; liability; action to enjoin; other remedies.section21-2701. Terms, defined.section21-2702. Foreign trade zones; establishment, operation, and maintenance.section21-2703. Foreign trade zones; select and describe locations.section21-2801. Religious association; ceases to exist; vesting of property.section21-2802. Religious association; vesting of property; application; notice; transfer of property.section21-2803. Religious association; affiliated with other association; withdrawal; use of name.section21-2901. Act, how cited.section21-2902. Legislative power to amend or repeal.section21-2903. Terms, defined.section21-2904. Nature of limited cooperative association.section21-2905. Powers.section21-2906. Name.section21-2907. Reservation of name.section21-2908. Foreign limited cooperative association; name.section21-2909. Use of terms or abbreviation.section21-2910. Required information.section21-2911. Business transactions of member with limited cooperative association.section21-2912. Dual capacity.section21-2913. Designated office and agent for service of process.section21-2914. Change of designated office or agent for service of process.section21-2915. Resignation of agent for service of process.section21-2916. Service of process.section21-2917. Signing of records to be delivered for filing to the Secretary of State.section21-2918. Signing and filing of records pursuant to judicial order.section21-2919. Delivery to and filing of records by Secretary of State; effective time and date.section21-2920. Correcting filed record.section21-2921. Liability for false information in filed record.section21-2922. Certificate of good standing or authorization.section21-2923. Biennial report.section21-2924. Filing fees.section21-2925. Organizers.section21-2926. Formation of limited cooperative association; articles of organization.section21-2927. Organization of limited cooperative association.section21-2928. Bylaws.section21-2929. Members.section21-2930. Becoming a member.section21-2931. No right or power as member to bind limited cooperative association.section21-2932. No liability as member for limited cooperative association obligations.section21-2933. Right of member and former member to information.section21-2934. Annual members' meetings.section21-2935. Special members' meetings.section21-2936. Notice of members' meetings.section21-2937. Waiver of members' meeting notice.section21-2938. Quorum.section21-2939. Voting by patron members; voting by investor members.section21-2940. Action without a meeting.section21-2941. Determination of voting power of patron member.section21-2942. Voting by investor members.section21-2943. Manner of voting.section21-2944. Districts and delegates; classes of members.section21-2945. Member interest.section21-2946. Patron and investor member interests.section21-2947. Transferability of member interest.section21-2948. Security interest.section21-2949. Marketing contract, defined; authority.section21-2950. Marketing contract.section21-2951. Duration of marketing contract; termination.section21-2952. Remedies for breach or anticipating repudiation of contract.section21-2953. Existence and powers of board of directors.section21-2954. No liability as director for limited cooperative association's obligations.section21-2955. Qualifications of directors and composition of board.section21-2956. Election of directors.section21-2957. Term of director.section21-2958. Resignation of director.section21-2959. Removal of director.section21-2960. Suspension of director by board.section21-2961. Vacancy on board.section21-2962. Compensation of directors.section21-2963. Meetings.section21-2964. Action without meeting.section21-2965. Meetings and notice.section21-2966. Waiver of notice of meeting.section21-2967. Quorum.section21-2968. Voting.section21-2969. Committees.section21-2970. Standards of conduct and liability.section21-2971. Conflict of interest.section21-2972. Right of director to information.section21-2973. Other considerations of directors.section21-2974. Appointment and authority of officers.section21-2975. Resignation and removal of officers.section21-2976. Indemnification.section21-2977. Members' contributions.section21-2978. Forms of contribution and valuation.section21-2979. Contribution agreements.section21-2980. Allocation of profits and losses.section21-2981. Distributions.section21-2981.01. Distributions to members; redemption or repurchase authorized; how treated.section21-2981.02. Limit on distributions.section21-2981.03. Prohibited distribution; director liability; member or holder of financial rights liability; actions authorized; statute of limitation.section21-2982. Member's dissociation; power of estate of member.section21-2983. Effect of dissociation as member.section21-2984. Dissolution.section21-2985. Judicial dissolution.section21-2986. Voluntary dissolution before commencement of activity.section21-2987. Voluntary dissolution by the board and members.section21-2988. Articles of dissolution.section21-2989. Winding up of activities.section21-2990. Distribution of assets in winding up limited cooperative association.section21-2991. Known claims against dissolved limited cooperative association.section21-2992. Other claims against dissolved limited cooperative association.section21-2993. Court proceeding.section21-2994. Administrative dissolution.section21-2995. Reinstatement following administrative dissolution.section21-2996. Denial of reinstatement; appeal.section21-2997. Direct action by member.section21-2998. Derivative action.section21-2999. Proper plaintiff.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/browse-chapters.php?chapter=21Fetched: 10/20/2026