21-29,114 – Vote affecting group, class, or district of members.
21-29,114. Vote affecting group, class, or district of members. Members shall vote as a separate group, if a proposed amendment affects the group, class, or district of members in: (1) The equity capital structure of the limited cooperative association, including the rights of the limited cooperative association’s members to share in profits or distributions, and […]
21-29,115 – Emergency bylaws; procedure for adoption.
21-29,115. Emergency bylaws; procedure for adoption. (1) Unless the articles of organization provide otherwise, the board of directors may adopt bylaws to be effective only in an emergency described in subsection (4) of this section. The emergency bylaws may be amended or repealed by the members and may make all provisions necessary for managing the […]
21-29,116 – Amendment or restatement of articles of organization.
21-29,116. Amendment or restatement of articles of organization. (1) To amend or restate its articles of organization, a limited cooperative association shall deliver to the Secretary of State for filing an amendment or restatement of the articles of organization stating: (a) The name of the limited cooperative association; (b) The date of filing of its […]
21-29,117 – Merger and consolidation; terms, defined.
21-29,117. Merger and consolidation; terms, defined. For purposes of sections 21-29,117 to 21-29,127: (1) Constituent limited cooperative association means a limited cooperative association that is a party to a merger or consolidation; (2) Constituent organization means an organization, other than a limited cooperative association, that is a party to a merger or consolidation; (3) Governing […]
21-29,122 – Merger or consolidation.
21-29,122. Merger or consolidation. (1) Any one or more limited cooperative associations may merge or consolidate with or into any one or more limited cooperative associations, limited liability companies, general partnerships, limited partnerships, cooperatives, or corporations, and any one or more limited liability companies, general partnerships, limited partnerships, cooperatives, or corporations may merge or consolidate […]
21-29,123 – Notice and action on plan of merger or consolidation by constituent limited cooperative association.
21-29,123. Notice and action on plan of merger or consolidation by constituent limited cooperative association. (1) Unless otherwise provided in the articles of organization or bylaws, the plan of merger or consolidation shall be approved by a majority vote of the board of directors. (2) The board of directors shall mail or otherwise transmit or […]
21-29,124 – Approval or abandonment of merger or consolidation by members of constituent limited cooperative association.
21-29,124. Approval or abandonment of merger or consolidation by members of constituent limited cooperative association. (1) Unless the articles of organization or bylaws provide for a greater quorum and subject to section 21-2939, a plan of merger or consolidation shall be approved by at least a two-thirds vote of patron members voting under section 21-2939 […]
21-29,105 – Filing of certificate of authority.
21-29,105. Filing of certificate of authority. Unless the Secretary of State determines that an application for a certificate of authority does not comply with the filing requirements of the Nebraska Limited Cooperative Association Act, the Secretary of State, upon payment of all filing fees, shall file the application, prepare, sign, and file a certificate of […]
21-29,106 – Noncomplying name of foreign cooperative.
21-29,106. Noncomplying name of foreign cooperative. (1) A foreign limited cooperative association whose name does not comply with section 21-2908 shall not obtain a certificate of authority until it adopts, for purposes of transacting business in this state, an alternative name that complies with such section. A foreign limited cooperative association that adopts an alternative […]
21-29,107 – Revocation of certificate of authority.
21-29,107. Revocation of certificate of authority. (1) A certificate of authority of a foreign limited cooperative association to transact business in this state may be revoked by the Secretary of State in the manner provided in subsections (2) and (3) of this section if the foreign limited cooperative association does not: (a) Pay, within sixty […]