Nebraska Statutes

§ 21-2957 — Term of director

Nebraska·Ch. 21 Corporations and Other Companies
(1)A director's term expires at the annual members' meeting following the director's election unless otherwise provided in the articles of organization or bylaws. The term of a director shall not exceed three years.
(2)Unless otherwise provided in the articles of organization or bylaws, a director may be reelected for subsequent terms.
(3)A director continues to serve as director until a successor director is elected and qualified or until the director is removed, resigns, or dies.

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Legislative History

Source: Laws 2007, LB368, § 57.

Nearby Sections

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