Nebraska § 21-2961 Vacancy on board

Nebraska Statutes

§ 21-2961 — Vacancy on board

Nebraska·Ch. 21 Corporations and Other Companies

(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.

Nebraska § 21-2961 (Vacancy on board) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.