Nebraska Statutes 21-2984. Dissolution
Except as otherwise provided in sections 21-2986 and 21-2987, a limited cooperative association is dissolved and its activities shall be wound up only upon the occurrence of any of the following:
Terms Used In Nebraska Statutes 21-2984
- Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
- Organization: means a limited cooperative association, limited cooperative association governed by a law other than the Nebraska Limited Cooperative Association Act, a general partnership, a limited liability partnership, a limited partnership, a limited liability company, a business trust, a corporation, a cooperative, or any other person having a governing statute. See Nebraska Statutes 21-29,117
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(1) The happening of an event or the coming of a time specified in the articles of organization;
(2) The action of the organizers, board of directors, or members under sections 21-2986 and 21-2987 ;
(3) The passage of ninety days after the dissociation of a member, resulting in the limited cooperative association having less than two members, unless before the end of the period the limited cooperative association admits at least one member in accordance with its articles of organization or bylaws; or
(4) The filing of a declaration by the Secretary of State under section 21-2994.