Nebraska Statutes > Nonstock Cooperative Marketing Act
Current as of: 2023 | Check for updates
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§ 21-1401 | Terms, defined; act, how cited |
Terms Used In Nebraska Statutes > Nonstock Cooperative Marketing Act
- Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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
- Quorum: The number of legislators that must be present to do business.