Neb. Rev. Stat. §§ 21-2983

Current with changes through the 2024 First Special Legislative Session
Section 21-2983 - Effect of dissociation as member
(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.

Neb. Rev. Stat. §§ 21-2983

Laws 2007, LB368, § 83.