Nebraska § 21-2979 Contribution agreements

Nebraska Statutes

§ 21-2979 — Contribution agreements

Nebraska § 21-2979

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-2979 (Contribution agreements) 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. § 21-2979 (2026).

Text

(1)A contribution agreement entered into before formation of the limited cooperative association is irrevocable for six months unless:

(a)Otherwise provided by the agreement; or

(b)All parties to the agreement consent to the revocation.

(2)Upon default by a party to a contribution agreement entered into before formation, the limited cooperative association, once formed, may:

(a)Collect the amount owed as any other debt; or

(b)Unless otherwise provided in the agreement, rescind the agreement if the debt remains unpaid more than twenty days after the limited cooperative association demands payment from the party in a record.

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(1) A contribution agreement entered into before formation of the limited cooperative association is irrevocable for six months unless:
(a) Otherwise provided by the agreement; or
(b) All parties to the agreement consent to the revocation.
(2) Upon default by a party to a contribution agreement entered into before formation, the limited cooperative association, once formed, may:
(a) Collect the amount owed as any other debt; or
(b) Unless otherwise provided in the agreement, rescind the agreement if the debt remains unpaid more than twenty days after the limited cooperative association demands payment from the party in a record.