Nebraska Statutes 21-1746. Liability of members
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The members of the credit union shall not be personally or individually liable for the payment of its debts solely by virtue of holding membership in the credit union.
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Terms Used In Nebraska Statutes 21-1746
- Credit union: shall mean a cooperative, nonprofit corporation organized under the Credit Union Act for purposes of educating and encouraging its members in the concept of thrift, creating a source of credit for provident and productive purposes, and carrying on such collateral activities as are set forth in the act. See Nebraska Statutes 21-1705