A public library federation may, by a two-thirds majority vote of the library federation board, be dissolved after one year‘s notice. In the event of the dissolution of a public library federation, the participating local governing authorities shall determine the disposition of all federation assets on a prorated basis to affiliated public libraries.

Terms Used In Nebraska Statutes 51-811

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Year: shall mean calendar year. See Nebraska Statutes 49-801