Nebraska Statutes 21-29,111. Notice and action on amendment of articles of organization or bylaws
To amend its articles of organization or bylaws:
Terms Used In Nebraska Statutes 21-29,111
- 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.
- Organization: means a limited cooperative association, limited cooperative association governed by a law other than the Nebraska Limited Cooperative Association Act, a general partnership, a limited liability partnership, a limited partnership, a limited liability company, a business trust, a corporation, a cooperative, or any other person having a governing statute. See Nebraska Statutes 21-29,117
(1) A proposed amendment 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:
(a) The proposed amendment;
(b) A recommendation that the members approve the amendment 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 amendment to the members; and
(e) Notice of the meeting in the same manner as a special members’ meeting.