Nebraska Statutes 21-1944. Member’s liability for dues, assessments, and fees
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A member may become liable to the corporation for dues, assessments, or fees. However, an article or bylaw provision or a resolution adopted by the board authorizing or imposing dues, assessments, or fees does not, of itself, create liability.
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Terms Used In Nebraska Statutes 21-1944
- 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.