Nebraska § 21-2981.01 Distributions to members; redemption or repurchase authorized; how treated

Nebraska Statutes

§ 21-2981.01 — Distributions to members; redemption or repurchase authorized; how treated

Nebraska § 21-2981.01

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-2981.01 (Distributions to members; redemption or repurchase authorized; how treated) 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. § 21-2981.01 (2026).

Text

Property distributed under subsection (2) of section  21-2981 , other than cash, may be redeemed or repurchased as provided in the articles of organization or bylaws but no redemption or repurchase may be made without full and final authorization by the board of directors, which may be withheld for any reason in the board's sole discretion. The redemption or repurchase will be treated as a distribution under section  21-2981 .

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Property distributed under subsection (2) of section 21-2981 , other than cash, may be redeemed or repurchased as provided in the articles of organization or bylaws but no redemption or repurchase may be made without full and final authorization by the board of directors, which may be withheld for any reason in the board's sole discretion. The redemption or repurchase will be treated as a distribution under section 21-2981 .