Nebraska § 21-1948 Purchase of memberships

Nebraska Statutes

§ 21-1948 — Purchase of memberships

Nebraska § 21-1948

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-1948 (Purchase of memberships) 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. § 21-1948 (2026).

Text

(a)A public benefit or religious corporation may not purchase any of its memberships or any right arising therefrom.

(b)A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws, but no payment shall be made in violation of sections 21-19,127 and 21-19,128 .

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(a) A public benefit or religious corporation may not purchase any of its memberships or any right arising therefrom.
(b) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws, but no payment shall be made in violation of sections 21-19,127 and 21-19,128 .