No association, corporation, or organization shall use the term cooperative as a part of its name unless it is in fact operating on a cooperative basis.

Source

  • Laws 1925, c. 80, § 12, p. 253;
  • C.S.1929, § 24-1412;
  • R.S.1943, § 21-1412.

Terms Used In Nebraska Statutes 21-1412

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.