Nebraska § 21-1779 Withdrawals

Nebraska Statutes

§ 21-1779 — Withdrawals

Nebraska § 21-1779

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-1779 (Withdrawals) 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. § 21-1779 (2026).

Text

(1)Shares may be withdrawn for payment to the account holder or to third parties in the manner and in accordance with procedures established by the board of directors subject to any rules and regulations prescribed by the department.

(2)Share accounts shall be subject to any withdrawal notice requirement specified in the contract creating the account. In addition, a credit union may impose a thirty-day withdrawal notice on all accounts when it has not specifically waived this right if it notifies the department of such imposition and the reasons therefor.

(3)A membership share may not be redeemed or withdrawn except upon termination of membership in the credit union.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Shares may be withdrawn for payment to the account holder or to third parties in the manner and in accordance with procedures established by the board of directors subject to any rules and regulations prescribed by the department.
(2) Share accounts shall be subject to any withdrawal notice requirement specified in the contract creating the account. In addition, a credit union may impose a thirty-day withdrawal notice on all accounts when it has not specifically waived this right if it notifies the department of such imposition and the reasons therefor.
(3) A membership share may not be redeemed or withdrawn except upon termination of membership in the credit union.