Nebraska Statutes 21-29,130. Notice and action on disposition of assets
To dispose of assets subject to section 21-29,129 :
Terms Used In Nebraska Statutes 21-29,130
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
(1) The proposed disposition shall be approved by a majority vote of the board of directors unless a greater vote is required by the articles of organization or bylaws; and
(2) The board of directors shall mail or otherwise transmit or deliver in a record to each member notice of a special meeting of the members as required by section 21-2935 that sets forth:
(a) The terms of the proposed disposition;
(b) A recommendation that the members approve the disposition unless the board determines because of conflict of interest or other special circumstances it should not make such a recommendation;
(c) If the board makes no recommendation, the basis of that decision;
(d) Any condition of its submission of the proposed disposition to the members; and
(e) Notice of the meeting in the same manner as a special members’ meeting under sections 21-2935 and 21-2936.