Nebraska § 21-2983 Effect of dissociation as member

Nebraska Statutes

§ 21-2983 — Effect of dissociation as member

Nebraska § 21-2983

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-2983 (Effect of dissociation as member) 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. § 21-2983 (2026).

Text

(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.