Nebraska § 21-111 Operating agreement; effect on limited
liability company and persons becoming members; preformation agreement

Nebraska Statutes

§ 21-111 — Operating agreement; effect on limited liability company and persons becoming members; preformation agreement

Nebraska § 21-111

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-111 (Operating agreement; effect on limited liability company and persons becoming members; preformation agreement) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 21-111 (2026).

Text

(RULLCA 111) (a) A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the operating agreement.

(b)A person that becomes a member of a limited liability company is deemed to assent to the operating agreement.

(c)Two or more persons intending to become the initial members of a limited liability company may make an agreement providing that upon the formation of the company the agreement will become the operating agreement. One person intending to become the initial member of a limited liability company may assent to terms providing that upon the formation of the company the terms will become the operating agreement.

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(RULLCA 111) (a) A limited
liability company is bound by and may enforce the operating agreement, whether
or not the company has itself manifested assent to the operating agreement.
(b) A person that becomes
a member of a limited liability company is deemed to assent to the operating
agreement.
(c)
Two or more persons intending to become the initial members of a limited liability
company may make an agreement providing that upon the formation of the company
the agreement will become the operating agreement. One person intending to
become the initial member of a limited liability company may assent to terms
providing that upon the formation of the company the terms will become the
operating agreement.