reglab/housing_qa huggingface dataset:
NE Code § 21-1731 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1731 - Department; general powers.

21-1731.  Department; general powers.The department shall have general supervision and control of credit unions as provided by the Credit Union Act, section 8-102, and any other applicable laws of this state.Source  Laws 1996, LB 948, § 32.
NE Code § 21-1732 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1732 - Director; powers and duties.

21-1732.  Director; powers and duties.(1) The director may adopt and promulgate rules and regulations to carry out the Credit Union Act.(2) The director may issue a cease and desist order when (a) the director has determined from competent and substantial evidence that a credit union is engaged in or has engaged in an unsafe or unsound practice or is violating or has violated a material provision of any law, rule, regulation, or any condition imposed in writing by the director or any written agreement made with the director or (b) the director has reasonable cause to believe a credit union is about to engage in an unsafe or unsound practice or is violating or has violated a material provision of any law, rule, regulation, or any condition imposed in writing by the director or any written agreement made with the director or the director has reasonable cause to believe a credit union is about to violate a material provision of any law, rule, regulation, or any condition imposed in writing by the director or any written agreement made with the director.(3) The director may restrict the making of loans by a credit union and the withdrawal from and the deposit to share accounts of a credit union when he or she finds circumstances that make such restriction necessary for the protection of the shareholders.(4) The director may suspend from office and prohibit from further participation in any manner in the conduct of the affairs of a credit union any official who has committed any violation of a law, rule, regulation, or cease and desist order, who has engaged in or participated in any unsafe or unsound practice in connection with a credit union, or who has committed or engaged in any act, omission, or practice which constitutes a breach of that person's fiduciary duty as an official, when the director has determined that such action or actions have resulted or will result in substantial financial loss or other damage that will seriously prejudice the interest of the credit union members.(5) The director shall consider applications brought before the department pursuant to section 21-1725.01.(6) The director may subpoena witnesses, compel their attendance, require the production of evidence, administer oaths, and examine any person under oath in connection with any subject relating to a duty upon or a power vested in the director.Source   Laws 1996, LB 948, § 33;  Laws 2002, LB 957, § 16.
NE Code § 21-1733 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1733 - Order; appeal; procedure.

21-1733.  Order; appeal; procedure.Any order or decision of the director may be appealed. The appeal shall be in accordance with the Administrative Procedure Act.Source  Laws 1996, LB 948, § 31. Cross References  Administrative Procedure Act, see section 84-920.
NE Code § 21-1734 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1734 - Corrective measures; receivership proceedings.

21-1734.  Corrective measures; receivership proceedings.(1) If it appears that any credit union is bankrupt or insolvent, that it has willfully violated the Credit Union Act, or that it is operating in an unsafe or unsound manner, the director may require such corrective measures in accordance with sections 8-1,134 to 8-1,139 as he or she may deem necessary or take possession of the property and business of such credit union and retain possession thereof until such time as he or she determines either to permit the credit union to resume business or to order its dissolution. In the event the director orders its dissolution, the credit union shall be liquidated in receivership proceedings in the same manner, as nearly as may be possible, as provided by the laws governing the liquidation of state banks.(2) Pursuant to section 21-1735, the director may appoint the National Credit Union Administration Board as receiver or liquidator of the assets and liabilities of any credit union in the possession of the director. The appointment shall be subject to the approval of the district court of the judicial district in which the credit union has its principal place of business.Source  Laws 1996, LB 948, § 34. Cross References  Liquidation of state banks, see sections 8-194 to 8-1,118.
NE Code § 21-1735 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1735 - National Credit Union Administration Board; appointment as receiver or liquidator.

21-1735.  National Credit Union Administration Board; appointment as receiver or liquidator.(1) The National Credit Union Administration Board, as created by 12 U.S.C. 1752(a), shall be authorized to accept the appointment by the director as receiver or liquidator, without bond, of any credit union in the possession of the department and whose shares are to any extent insured by the National Credit Union Administration under section 201 et seq. of the Federal Credit Union Act, 12 U.S.C. 1781 et seq. Any credit union which fails to maintain such insurance may be voluntarily dissolved or liquidated by the board of directors of such credit union or may be taken in possession by the director and involuntarily liquidated as in the case of insolvency.(2) Whenever the director takes possession of a credit union subject to the jurisdiction of the department, the director may tender to the National Credit Union Administration Board the appointment as receiver or liquidator of such credit union. If the board accepts such appointment, it shall have and possess all the powers and privileges provided by the laws of this state with respect to a receiver or liquidator of a credit union and its shareholders and other creditors and shall be subject to all the duties of such receiver or liquidator, except insofar as such powers, privileges, or duties are in conflict with the Federal Credit Union Act, 12 U.S.C. 1781 et seq.(3) Whenever the National Credit Union Administration Board has been appointed as receiver or liquidator of a credit union pursuant to this section, it shall be subrogated to all the rights and interests against such credit union of all the shareholders or other creditors of the credit union to the full extent of such rights and interests in the credit union. The rights of shareholders or other creditors of the credit union shall be determined in accordance with the laws of this state.(4) Upon acceptance by the National Credit Union Administration Board of the appointment as receiver or liquidator of a credit union from the director and subject to the approval of the district court of the judicial district in which the credit union has its principal place of business, the possession of and title to all the assets, business, and property of every kind and nature of the credit union shall pass to and vest in the board without the execution of any instrument of conveyance, assignment, transfer, or endorsement.(5) In addition to its powers and duties as receiver or liquidator, the National Credit Union Administration Board shall have the right and authority upon the order of any court of record of competent jurisdiction to enforce the individual liability of the members of the board of directors of any credit union.Source  Laws 1996, LB 948, § 35.
NE Code § 21-1736 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1736 - Examinations.

21-1736.  Examinations.(1) The director shall examine or cause to be examined each credit union as often as deemed necessary. Each credit union and all of its officials and agents shall give the director or any of the examiners appointed by him or her free and full access to all books, papers, securities, and other sources of information relative to such credit union. For purposes of the examination, the director may subpoena witnesses, administer oaths, compel the giving of testimony, and require the submission of documents.(2) The department shall forward a report of the examination to the chairperson of the board of directors within ninety calendar days after completion. The report shall contain comments relative to the management of the affairs of the credit union and the general condition of its assets. Within ninety calendar days after the receipt of such report, the members of the board of directors and the members of the supervisory committee and credit committee, if any, shall meet to consider the matters contained in the report.(3) The director may require special examinations of and special financial reports from a credit union or a credit union service organization in which a credit union loans, invests, or delegates substantially all managerial duties and responsibilities when he or she determines that such examinations and reports are necessary to enable the director to determine the safety of a credit union's operations or its solvency. The cost to the department of such special examinations shall be borne by the credit union being examined.(4) The director may accept, in lieu of any examination of a credit union authorized by the laws of this state, a report of an examination made of a credit union by the National Credit Union Administration or may examine any such credit union jointly with such federal agency. The director may make available to the National Credit Union Administration copies of reports of any examination or any information furnished to or obtained by the director in any examination.Source   Laws 1996, LB 948, § 36;  Laws 2002, LB 957, § 18;  Laws 2017, LB375, § 5.
NE Code § 21-1737 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1737 - Records.

21-1737.  Records.(1) A credit union shall maintain all books, records, accounting systems, and procedures in accordance with the rules and regulations as the director from time to time may prescribe.(2) Credit unions shall preserve or keep their records or files, or photographic or microphotographic copies thereof, for a period of not less than six years after the first day of January of the year following the time of the making or filing of such records or files except as provided in subsection (3) of this section.(3)(a) Ledger sheets showing unpaid balances in favor of members of credit unions shall not be destroyed unless the credit union has remitted such unpaid balances to the State Treasurer in accordance with the Uniform Disposition of Unclaimed Property Act. Credit unions shall retain a record of every such remittance for ten years following the date of such remittance.(b) Corporate records that relate to the corporation or the corporate existence of the credit union shall not be destroyed.(4) A credit union shall not be liable for destroying records after the expiration of the record retention period provided in this section except for records involved in an official investigation or examination about which the credit union has received notice.(5) A reproduction of any credit union records shall be admissible as evidence of transactions with the credit union as provided in section 25-12,112.Source   Laws 1996, LB 948, § 37;  Laws 1999, LB 396, § 21.  Cross References  Uniform Disposition of Unclaimed Property Act, see section 69-1329.
NE Code § 21-1738 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1738 - Reports.

21-1738.  Reports.A credit union shall report to the department annually on or before the first day of February on forms supplied by the department for that purpose. The chairperson of the board of directors and the president of the credit union shall sign the report or reports certifying that such report or reports are correct according to their best knowledge and belief. The director may require additional reports as he or she deems appropriate and necessary. An additional fee of fifty dollars shall be levied for each day a credit union fails to provide a required report unless the delay is excused for cause.Source   Laws 1996, LB 948, § 38;   Laws 1997, LB 137, § 11.
NE Code § 21-1741 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1741 - Safe deposit box service.

21-1741.  Safe deposit box service.A credit union, by action of its board of directors, may, to the same extent as a bank organized under the laws of this state, operate a safe deposit box service for its members pursuant to sections 8-501 and 8-502.Source   Laws 1996, LB 948, § 41;   Laws 1997, LB 137, § 14;  Laws 2017, LB375, § 7.
NE Code § 21-1742 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1742 - Incidental powers.

21-1742.  Incidental powers.A credit union may exercise all incidental powers that are suitable and necessary to enable it to carry out its purpose.Source  Laws 1996, LB 948, § 42.
NE Code § 21-1743 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1743 - Membership; requirements.

21-1743.  Membership; requirements.(1) The membership of a credit union shall consist of the subscribers to the articles of association and such persons, societies, associations, partnerships, and corporations as have been duly elected, members who have subscribed for one or more shares, have paid for such share or shares in whole or in part, have paid the entrance fee provided in the bylaws, and have complied with such other requirements as the articles of association and bylaws may specify. For purposes of obtaining a loan and to vote at membership meetings, a member, to be in good standing, must own at least one fully paid share. Credit union organization shall be limited to groups of both large and small membership having a common bond of occupation or association, including religious, social, or educational groups, employees of a common employer, or members of a fraternal, religious, labor, farm, or educational organization and the members of the immediate families of such persons.(2) A person having been duly admitted to membership, having complied with the Credit Union Act, the articles of association, and the bylaws, having paid the entrance fee, and having paid for at least one share, shall retain full rights and privileges of membership for life unless that membership is terminated by withdrawal or expulsion in the manner provided by the act.Source  Laws 1996, LB 948, § 43.
NE Code § 21-1744 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1744 - Fees.

21-1744.  Fees.A credit union may charge an entrance fee as determined by its board of directors. A credit union may also charge periodic membership fees as determined by its board of directors.Source  Laws 1996, LB 948, § 44.
NE Code § 21-1745 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1745 - Retention of membership; when.

21-1745.  Retention of membership; when.Members who cease to be eligible or who leave the field of membership may be permitted to retain their membership in the credit union under reasonable standards established by the board of directors unless terminated by withdrawal or expulsion.Source  Laws 1996, LB 948, § 45.
NE Code § 21-1746 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1746 - Liability of members.

21-1746.  Liability of members.The members of the credit union shall not be personally or individually liable for the payment of its debts solely by virtue of holding membership in the credit union.Source  Laws 1996, LB 948, § 46.
NE Code § 21-1747 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1747 - Expulsion of members.

21-1747.  Expulsion of members.(1) Any member may be expelled by a two-thirds vote of the members present at any regular meeting or a special meeting called to consider the matter, but only after an opportunity has been given to the member to be heard.(2) The board of directors may expel a member pursuant to a written policy adopted by it. All members shall be given written notice of the terms of any such policy. Any person expelled by the board shall have the right, within thirty calendar days, to request a hearing before it to reconsider the expulsion. The board of directors shall schedule the requested hearing within sixty calendar days after the request.Source  Laws 1996, LB 948, § 47.
NE Code § 21-1748 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1748 - Termination of members.

21-1748.  Termination of members.(1) A member may voluntarily terminate his or her membership at any time in the way and manner provided in the bylaws.(2) Termination of membership shall not serve to relieve a person from any liability to the credit union nor shall it be the basis for accelerating any obligation not in default. A terminated member shall be paid all sums in any of his or her share accounts without maturity dates within thirty calendar days. Sums in any share account with a maturity date shall not be paid prior to maturity unless the member specifically requests the funds. The credit union shall not be required to pay any funds from a share account to the extent that they secure loans and other obligations owing to the credit union.Source  Laws 1996, LB 948, § 48.
NE Code § 21-1749 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1749 - Meetings.

21-1749.  Meetings.The annual meeting and any special meeting of the members of the credit union shall be held in accordance with the bylaws. A special meeting of the members of the credit union may be called by the members or by the board of directors as provided in the bylaws. A credit union shall give notice of the time and place of any meeting of its members. In the case of a special meeting, the notice of such special meeting shall state the purpose of the meeting and the notice shall be given at least ten calendar days prior to the date of such special meeting.Source  Laws 1996, LB 948, § 49.
NE Code § 21-1750 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1750 - Voting rights.

21-1750.  Voting rights.(1) In any election or other membership vote, a member shall have only one vote, irrespective of the member's shareholdings. No member may vote by proxy, but a member other than an individual may vote through an agent designated for that purpose. Members may also vote by absentee ballot, mail, or other method if the bylaws of the credit union so provide.(2) The board of directors may establish a minimum age of not greater than eighteen years as a qualification of eligibility to vote at meetings of members of the credit union, to hold office, or both.(3) An organization having membership in the credit union may be represented and have its vote cast by one of its members or shareholders if such person has been so authorized by the organization's governing body.(4) In elections when more than one office of the same type is being filled, the member shall have as many votes as there are offices being filled, but the member shall not cast more than one of these votes for any one candidate.Source  Laws 1996, LB 948, § 50.
NE Code § 21-1751 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1751 - Special meeting.

21-1751.  Special meeting.The supervisory committee, by a majority vote, may call a special meeting of the members of the credit union as provided in section 21-1749 to consider any violation of the Credit Union Act, any violation of the credit union's articles of association or bylaws, or any practice of the credit union deemed by the board of directors or supervisory committee to be unsafe or unauthorized.Source  Laws 1996, LB 948, § 51.
NE Code § 21-1752 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1752 - Central credit union; membership.

21-1752.  Central credit union; membership.Credit unions organized and existing under the Credit Union Act may organize and have membership in a central credit union to which federal credit unions organized and operating in this state may belong and in which officials of both such credit unions may have membership. Organizations which are organized for the purpose of furthering credit union activities and their employees may have membership in such credit union. Small employee groups of fifty or more employees having a common bond of occupation whose probability of a successful operation would be limited because of the lack of adequate membership may join as a group in the central credit union and become members of that credit union with all the rights existing under the act.Source  Laws 1996, LB 948, § 52.
NE Code § 21-1753 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1753 - Central credit union; board of directors; credit committee.

21-1753.  Central credit union; board of directors; credit committee.At the first annual meeting of a central credit union, the members shall elect a board of directors of not less than nine members and a credit committee of not less than three members. No member of the board shall be a member of the credit committee and no credit union small employee group or affiliated organization shall be represented by more than one member on the board of directors, one member on the credit committee, and one member on the supervisory committee.Source  Laws 1996, LB 948, § 53.
NE Code § 21-1754 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1754 - Central credit union; board of directors; officers; supervisory committee.

21-1754.  Central credit union; board of directors; officers; supervisory committee.At the first meeting of each fiscal year, the board of directors of a central credit union shall elect from its number a president, vice president, secretary, and treasurer. The offices of secretary and treasurer may be held by one person if the bylaws so provide. Officers shall hold office for one year or until their successors are chosen and duly qualified. At the first meeting of each fiscal year, the board of directors shall elect a supervisory committee of not less than five members, none of whom shall be a member of the board of directors or the credit committee.Source  Laws 1996, LB 948, § 54.
NE Code § 21-1755 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1755 - Central credit union; purchase of credit union.

21-1755.  Central credit union; purchase of credit union.With the approval of the department, a central credit union established under section 21-1752 may purchase the assets, assume the liabilities, and accept the membership of a credit union. Such purchase shall be approved by at least a two-thirds majority of the board of directors or the duly appointed trustees of the credit union to be sold.Source   Laws 1996, LB 948, § 55;  Laws 2002, LB 1094, § 11.
NE Code § 21-1756 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1756 - Central credit union; loans and investments; limitations.

21-1756.  Central credit union; loans and investments; limitations.All member credit unions may borrow and invest up to an amount specified by the board of directors of the central credit union in accordance with the limitation of section 21-1791. The central credit union may purchase all or any part of a loan originated by a member credit union to one of its individual members, who does not need to be a member of the central credit union.Source  Laws 1996, LB 948, § 56.