Nebraska § 21-2981 Distributions

Nebraska Statutes

§ 21-2981 — Distributions

Nebraska·Ch. 21 Corporations and Other Companies

(1)Unless otherwise provided by the articles of organization or bylaws and subject to subsection (2) of this section, the board of directors may authorize, and the limited cooperative association may make, distributions to members.

(2)Unless otherwise provided by the articles of organization or bylaws, distributions to members may be made in the form of cash, capital credits, allocated patronage equities, revolving fund certificates, the limited cooperative association's own securities or other securities, or in any other manner.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Unless otherwise provided by the articles of organization or bylaws and subject to subsection (2) of this section, the board of directors may authorize, and the limited cooperative association may make, distributions to members.
(2) Unless otherwise provided by the articles of organization or bylaws, distributions to members may be made in the form of cash, capital credits, allocated patronage equities, revolving fund certificates, the limited cooperative association's own securities or other securities, or in any other manner.

Nebraska § 21-2981 (Distributions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.