Nebraska § 21-2961 Vacancy on board

Nebraska Statutes

§ 21-2961 — Vacancy on board

Nebraska § 21-2961

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-2961 (Vacancy on board) 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. § 21-2961 (2026).

Text

(1)Unless the articles of organization or bylaws otherwise provide, a vacancy on the board of directors shall be filled:

(a)By majority vote of the remaining directors until the next annual members' meeting or special members' meeting held for that purpose; and

(b)For the unexpired term by members at the next annual members' meeting or special members' meeting called for that purpose.

(2)If the vacating director was elected by a group or class of members or by group, class, or district:

(a)The appointed director shall be of that group, class, or district; and

(b)The election of the director for the unexpired term shall be conducted in the same manner as would the election for that position without a vacancy.

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(1) Unless the articles of organization or bylaws otherwise provide, a vacancy on the board of directors shall be filled:
(a) By majority vote of the remaining directors until the next annual members' meeting or special members' meeting held for that purpose; and
(b) For the unexpired term by members at the next annual members' meeting or special members' meeting called for that purpose.
(2) If the vacating director was elected by a group or class of members or by group, class, or district:
(a) The appointed director shall be of that group, class, or district; and
(b) The election of the director for the unexpired term shall be conducted in the same manner as would the election for that position without a vacancy.