Nebraska § 21-2983 Effect of dissociation as member

Nebraska Statutes

§ 21-2983 — Effect of dissociation as member

Nebraska·Ch. 21 Corporations and Other Companies

(1)Upon a person's dissociation as a member:

(a)A person dissociated pursuant to section 21-2982 does not have further rights as a member; and

(b)Subject to sections 21-2947 and 21-2948 , any financial rights owned by the person in the person's capacity as a member immediately before dissociation are owned by the person as a transferee who is not admitted as a member after dissociation.

(2)A person's dissociation as a member does not of itself discharge the person from any obligation to the limited cooperative association which the person incurred while a member.

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(1) Upon a person's dissociation as a member:
(a) A person dissociated pursuant to section 21-2982 does not have further rights as a member; and
(b) Subject to sections 21-2947 and 21-2948 , any financial rights owned by the person in the person's capacity as a member immediately before dissociation are owned by the person as a transferee who is not admitted as a member after dissociation.
(2) A person's dissociation as a member does not of itself discharge the person from any obligation to the limited cooperative association which the person incurred while a member.

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