Nebraska Statutes 21-1976. Removal of designated or appointed directors
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(a) A designated director may be removed by an amendment to the articles or bylaws deleting or changing the designation.
Terms Used In Nebraska Statutes 21-1976
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
(b)(1) An appointed director may be removed without cause by the person appointing the director except as otherwise provided in the articles or bylaws;
(2) The person removing the appointed director shall do so by giving written notice of the removal to the appointed director and either the presiding officer of the board or the corporation‘s president or secretary; and
(3) A removal of an appointed director is effective when the notice is effective unless the notice specifies a future effective date.