Nebraska § 21-2954 No liability as director for limited cooperative association's obligations

Nebraska Statutes

§ 21-2954 — No liability as director for limited cooperative association's obligations

Nebraska § 21-2954

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-2954 (No liability as director for limited cooperative association's obligations) 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. § 21-2954 (2026).

Text

An obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a director. A director is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a director.

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