State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-29_130

21-29,130. Notice and action on disposition of assets.To dispose of assets subject to section 21-29,129:(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. SourceLaws 2007, LB368, § 130.