reglab/housing_qa huggingface dataset:
NE Code § 21-1406 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1406 - Members; eligibility; suspension or withdrawal; voting; liability for corporate debts; certificate of membership.

21-1406.  Members; eligibility; suspension or withdrawal; voting; liability for corporate debts; certificate of membership.Only persons engaged in the production of the agricultural products, including lessees and landlords receiving such products as rent except as otherwise provided herein, or cooperative associations of such producers, shall be eligible to membership therein, subject to the terms and conditions prescribed in its articles of incorporation or bylaws consistent herewith. Only members of an association shall have the right to vote, and no member shall be entitled to more than one vote upon any question or matter affecting the association or relating to its affairs. Articles of incorporation hereunder may provide that no voting by proxy shall be permitted and such articles or bylaws adopted thereunder may further provide that a written vote received by mail from any absent member, and signed by him or her, may be read and counted at any regular or special meeting of the association, provided that the secretary shall notify all members in writing of the exact motion or resolution upon which such vote is to be taken, and a copy of same shall be forwarded with and attached to the vote so mailed by the member, and elections may be carried out in a similar manner. No member of an association shall be liable for its debts or obligations beyond the unpaid amount, if any, due by him or her on his or her membership dues. Every association formed hereunder shall issue a certificate of membership to each member which, unless otherwise provided in its articles of incorporation or bylaws, shall be nontransferable. Following the ascertainment through procedure set forth in its bylaws that a member has ceased to be eligible to membership in an association, his or her rights therein may be suspended. In the event of the death, withdrawal or expulsion of a member, the board of directors shall within a reasonable time thereafter equitably and conclusively ascertain the value of such member's membership, if any, which shall be paid him or her or his or her legal representatives by the association within a reasonable time after such ascertainment.Source   Laws 1925, c. 80, § 6, p. 250;   C.S.1929, § 24-1406;   R.S.1943, § 21-1406;   Laws 1977, LB 155, § 2;   Laws 1981, LB 283, § 6.
NE Code § 21-1407 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1407 - Bylaws.

21-1407.  Bylaws.Each association incorporated hereunder shall make such provision as it may desire for the adoption of its board of directors of a code of bylaws for the government and management of its business consistent herewith.Source   Laws 1925, c. 80, § 7, p. 251;   C.S.1929, § 24-1407;   R.S.1943, § 21-1407.
NE Code § 21-1408 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1408 - Directors; duties and powers; annual and special meetings; notice.

21-1408.  Directors; duties and powers; annual and special meetings; notice.In its bylaws, each association shall provide for one or more regular meetings annually. The board of directors shall have the right to call a special meeting at any time; and ten percent of the members may file a petition stating the specific business to be brought before the association and demand a special meeting at any time. Such meeting must thereupon be called by the directors. Notice of all meetings, together with a statement of the purposes thereof, shall be mailed to each member at least ten days prior to the meeting; Provided, however, that the bylaws may require instead that such notice may be given by publication in a newspaper or newspapers of general circulation, in the territory in which the association has its membership.Source   Laws 1925, c. 80, § 8, p. 251;   C.S.1929, § 24-1408;   R.S.1943, § 21-1408.
NE Code § 21-1410 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1410 - Marketing contracts; breach; rights of association.

21-1410.  Marketing contracts; breach; rights of association.The marketing contract of any association formed hereunder may fix as liquidated damages, specific, reasonable sums to be paid by a member to the association upon the breach by him of any of the provisions of the marketing contract regarding the sale or delivery or withholding of products, and may further provide that the member will pay all costs, premium for bonds, expenses and fees in case any action is brought upon the contract by the association, and any such provision shall be valid and enforceable in the courts of this state and shall not be construed as a penalty. In the event of a breach or threatened breach of such marketing contract by a member, the association shall be entitled to an injunction to prevent the further breach of the contract, and to a decree for the specific performance hereof. Pending the adjudication of such an action and upon filing a sufficient bond, the association shall be entitled to a temporary restraining order and preliminary injunction against the member.Source   Laws 1925, c. 80, § 10, p. 252;   C.S.1929, § 24-1410;   R.S.1943, § 21-1410.
NE Code § 21-1411 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1411 - Federation of associations; acquisition of stock or membership; agreements.

21-1411.  Federation of associations; acquisition of stock or membership; agreements.To effectuate the formation of federations of nonprofit associations of producers, any such association of producers whether formed hereunder or not is hereby authorized to acquire membership or stock in any other such association of producers, and any such association is hereby authorized to grant such membership or sell such stock to such associations, and any association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements, and make all necessary and proper stipulations, agreements and contracts with any other cooperative corporation, association, or associations, formed in this or in any other state, for the cooperative and more economical carrying out of its business, or any part thereof. Any two or more associations may, by agreement between them, unite in employing and using or may separately employ and use the same methods, means, and agencies for carrying on and conducting their respective business.Source   Laws 1925, c. 80, § 11, p. 252;   C.S.1929, § 24-1411;   R.S.1943, § 21-1411.
NE Code § 21-1412 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1412 - Cooperative; use of term restricted.

21-1412.  Cooperative; use of term restricted.No association, corporation, or organization shall use the term cooperative as a part of its name unless it is in fact operating on a cooperative basis.Source   Laws 1925, c. 80, § 12, p. 253;   C.S.1929, § 24-1412;   R.S.1943, § 21-1412.
NE Code § 21-1414 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1414 - Application of general corporation laws.

21-1414.  Application of general corporation laws.The provisions of the general corporation laws of this state, and all powers and rights thereunder, shall apply to the associations organized hereunder, except where such provisions are in conflict with or inconsistent with the express provisions of sections 21-1401 to 21-1414; Provided, that wherever such general corporation laws require an affirmative vote of a specified percentage of stockholders to authorize action by the corporation, such percentage for a nonstock cooperative association shall be that percentage of the votes cast on the matter at the members' meeting at which the same shall be voted upon. Any provision of law which is in conflict therewith shall not be construed as applying to any association herein provided for.Source   Laws 1925, c. 80, § 14, p. 253;   C.S.1929, § 24-1414;   R.S.1943, § 21-1414;   Laws 1977, LB 155, § 3.
NE Code § 21-1701 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1701 - Act, how cited.

21-1701.  Act, how cited.Sections 21-1701 to 21-17,115 shall be known and may be cited as the Credit Union Act.Source   Laws 1996, LB 948, § 1;  Laws 2000, LB 932, § 23;  Laws 2002, LB 957, § 15;  Laws 2017, LB375, § 1.
NE Code § 21-1702 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1702 - Definitions, where found.

21-1702.  Definitions, where found.For purposes of the Credit Union Act, the definitions found in sections 21-1703 to 21-1722 shall be used.Source  Laws 1996, LB 948, § 2.
NE Code § 21-1703 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1703 - Capital, defined.

21-1703.  Capital, defined.Capital shall mean share accounts, membership shares, reserve accounts, and undivided earnings.Source  Laws 1996, LB 948, § 3.
NE Code § 21-1704 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1704 - Corporate central credit union, defined.

21-1704.  Corporate central credit union, defined.Corporate central credit union shall mean a credit union the members of which consist primarily of other credit unions.Source  Laws 1996, LB 948, § 4.
NE Code § 21-1705 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1705 - Credit union, defined.

21-1705.  Credit union, defined.Credit union shall mean a cooperative, nonprofit corporation organized under the Credit Union Act for purposes of educating and encouraging its members in the concept of thrift, creating a source of credit for provident and productive purposes, and carrying on such collateral activities as are set forth in the act.Source  Laws 1996, LB 948, § 5.
NE Code § 21-1706 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1706 - Department, defined.

21-1706.  Department, defined.Department shall mean the Department of Banking and Finance.Source  Laws 1996, LB 948, § 6.
NE Code § 21-1707 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1707 - Director, defined.

21-1707.  Director, defined.Director shall mean the Director of Banking and Finance.Source  Laws 1996, LB 948, § 7.
NE Code § 21-1708 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1708 - Employee, defined.

21-1708.  Employee, defined.Employee shall mean a person who works full-time or part-time for and is compensated by a credit union.Source  Laws 1996, LB 948, § 8.
NE Code § 21-1708.01 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1708.01 - Financial institution, defined.

21-1708.01.  Financial institution, defined.Financial institution shall mean a bank, savings bank, building and loan association, savings and loan association, or credit union, whether chartered by the United States, the department, or a foreign state agency; any other similar organization which is covered by federal deposit insurance; or a trust company.Source Laws 2017, LB375, § 2.
NE Code § 21-1709 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1709 - Fixed asset, defined.

21-1709.  Fixed asset, defined.Fixed asset shall mean assets as prescribed in generally accepted accounting principles.Source   Laws 1996, LB 948, § 9;  Laws 2017, LB375, § 3.
NE Code § 21-1710 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1710 - Immediate family, defined.

21-1710.  Immediate family, defined.Immediate family shall include any person related to a member by blood or marriage, including foster and adopted children.Source  Laws 1996, LB 948, § 10.
NE Code § 21-1711 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1711 - Individual, defined.

21-1711.  Individual, defined.Individual shall mean a natural person.Source  Laws 1996, LB 948, § 11.
NE Code § 21-1712 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1712 - Insolvent, defined.

21-1712.  Insolvent, defined.Insolvent shall mean a condition in which (1) the actual cash market value of the assets of a credit union is insufficient to pay its liabilities to its members, (2) a credit union is unable to meet the demands of its creditors in the usual and customary manner, (3) a credit union, after demand in writing by the director, fails to make good any deficiency in its reserves as required by law, or (4) a credit union, after written demand by the director, fails to make good an impairment of its capital or surplus.Source  Laws 1996, LB 948, § 12.
NE Code § 21-1713 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1713 - Line of credit, defined.

21-1713.  Line of credit, defined.Line of credit shall mean a loan in which amounts are advanced to the borrower upon his or her request from time to time, pursuant to a preexisting contract and conditional or unconditional credit approval, and in which principal amounts repaid automatically replenish the funds available under the contract.Source  Laws 1996, LB 948, § 13.
NE Code § 21-1714 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1714 - Loan, defined.

21-1714.  Loan, defined.Loan shall mean any extension of credit pursuant to a contract.Source  Laws 1996, LB 948, § 14.
NE Code § 21-1715 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1715 - Membership officer, defined.

21-1715.  Membership officer, defined.Membership officer shall mean any member appointed by the board of directors of a credit union whose primary function is to act on applications for membership under the conditions the board and bylaws have prescribed.Source  Laws 1996, LB 948, § 15.
NE Code § 21-1716 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1716 - Membership shares, defined.

21-1716.  Membership shares, defined.Membership shares shall mean a balance held by a credit union and established by a member in accordance with standards specified by the credit union. Each member may own only one membership share. Ownership of a membership share shall represent an interest in the capital of the credit union upon dissolution or conversion to another type of institution.Source  Laws 1996, LB 948, § 16.
NE Code § 21-1717 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1717 - Official, defined.

21-1717.  Official, defined.Official shall mean a member of the board of directors of a credit union, an officer of a credit union, a member of the credit committee of a credit union, if any, or a member of the supervisory committee of a credit union.Source  Laws 1996, LB 948, § 17.
NE Code § 21-1718 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1718 - Organization, defined.

21-1718.  Organization, defined.Organization shall mean any corporation, association, limited liability company, partnership, society, firm, syndicate, trust, or other legal entity.Source  Laws 1996, LB 948, § 18.
NE Code § 21-1719 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1719 - Person, defined.

21-1719.  Person, defined.Person shall mean an individual, partnership, limited liability company, corporation, association, cooperative organization, or any other legal entity treated as a person under the laws of this state.Source  Laws 1996, LB 948, § 19.
NE Code § 21-1720 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1720 - Reserves, defined.

21-1720.  Reserves, defined.Reserves shall mean an allocation of retained income and shall include regular and special reserves, except for any allowance for loan or investment losses.Source  Laws 1996, LB 948, § 20.
NE Code § 21-1722 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1722 - Share account, defined.

21-1722.  Share account, defined.Share account shall mean a balance held by a credit union and established by a member in accordance with standards specified by the credit union, including balances designated as shares, share certificates, share draft accounts, or other names. Share account shall not include membership shares.Source  Laws 1996, LB 948, § 22.
NE Code § 21-1723 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1723 - Ownership of a share account; rights.

21-1723.  Ownership of a share account; rights.Ownership of a share account shall confer membership and voting rights and shall represent an interest in the capital of the credit union upon dissolution or conversion to another type of institution.Source  Laws 1996, LB 948, § 23.
NE Code § 21-1725.01 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1725.01 - New credit union; branch credit union; application; procedure; hearing.

21-1725.01.  New credit union; branch credit union; application; procedure; hearing.(1) Upon receiving an application to establish a new credit union, a public hearing shall be held on each application. Notice of the filing of the application shall be published by the department for three weeks in a legal newspaper published in or of general circulation in the county where the applicant proposes to operate the credit union. The date for hearing the application shall be not less than thirty days after the last publication of notice of hearing and not more than ninety days after filing the application unless the applicant agrees to a later date. Notice of the filing of the application shall be sent by the department to all financial institutions located in the county where the applicant proposes to operate.(2) When application is made to establish a branch of a credit union, the director shall hold a hearing on the matter if he or she determines, in his or her discretion, that the condition of the applicant credit union warrants a hearing. If the director determines that the condition of the credit union does not warrant a hearing, the director shall publish a notice of the filing of the application in a newspaper of general circulation in the county where the proposed branch would be located. If the director receives any substantive objection to the proposed credit union branch within fifteen days after publication of such notice, he or she shall hold a hearing on the application. Notice of a hearing held pursuant to this subsection shall be published for two consecutive weeks in a newspaper of general circulation in the county where the proposed branch would be located. The date for hearing the application shall be not less than thirty days after the last publication of notice of hearing and not more than ninety days after the filing of the application unless the applicant agrees to a later date.(3) The director may, in his or her discretion, hold a public hearing on amendments to a credit union's articles of association or bylaws which are brought before the department.(4) The expense of any publication required by this section shall be paid by the applicant but payment shall not be a condition precedent to approval by the director.Source  Laws 2002, LB 957, § 17;  Laws 2003, LB 217, § 30;  Laws 2005, LB 533, § 30;  Laws 2010, LB890, § 13;  Laws 2016, LB751, § 7.
NE Code § 21-1726 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1726 - Forms of articles and bylaws.

21-1726.  Forms of articles and bylaws.In order to simplify the organization of credit unions, the director shall cause to be prepared an approved form of articles of association and a suggested form of bylaws, consistent with the Credit Union Act, which may be used by credit union subscribers as a guide. Upon written application of any nine individuals residing in the state, the director shall supply such individuals, without charge, one approved form of the articles of association and one suggested form of bylaws.Source  Laws 1996, LB 948, § 26.
NE Code § 21-1727 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1727 - Articles and bylaws; amendments.

21-1727.  Articles and bylaws; amendments.(1) The articles of association may be amended at any regular or special meeting at which a quorum of the members as provided in the bylaws is present if the notice of the meeting contained a copy of the proposed amendment. An amendment shall not become effective until it has been filed with and approved in writing by the department and the fee prescribed by section 8-602 has been paid. One copy of an amendment or amendments to the articles of association shall be filed in the office of the county clerk of the county where the credit union has its principal place of business, for which a fee of fifty cents shall be charged.(2) Except as provided in subsection (3) of this section, the bylaws may be amended at any regular or special meeting of the board of directors by a majority of the total directors if the notice of the meeting contained a copy of the proposed amendment. An amendment shall not become effective until it has been filed with and approved in writing by the department and the fee prescribed by section 8-602 has been paid.(3)(a) The board of directors may adopt by resolution standard bylaw amendments adopted and promulgated by the department from time to time. The standard amendments may include two or more alternatives that the board of directors may elect. The standard bylaw amendments may also include companion amendments which shall be adopted as a unit.(b) The board of directors may adopt any standard bylaw amendment without prior approval of the department as long as the standard bylaw amendment is adopted without any change in wording and a Certificate of Resolution adopting such amendment is submitted to the department containing the adopted language within ten days after the adoption of such amendment. Certificate of Resolution forms shall be furnished by the department upon request. The fee prescribed by section 8-602 shall not be charged when standard bylaw amendments are adopted.Source  Laws 1996, LB 948, § 27.
NE Code § 21-1728 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1728 - Use of name exclusive; violation; penalty; injunction.

21-1728.  Use of name exclusive; violation; penalty; injunction.(1) No person, corporation, limited liability company, partnership, or association other than a credit union organized under the Credit Union Act or the Federal Credit Union Act or the voluntary association of credit unions, shall use a name or title containing the phrase "credit union" or any derivation thereof, represent itself as a credit union, or conduct business as a credit union.(2) Any violation of this section shall be a Class V misdemeanor.(3) The director may petition a court of competent jurisdiction to enjoin any violation of this section.Source  Laws 1996, LB 948, § 28.
NE Code § 21-1729 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1729 - Place of business.

21-1729.  Place of business.(1) A credit union may change its principal place of business within this state upon written notice to, and approval by, the director.(2) A credit union may maintain automatic teller machines and point-of-sale terminals at locations other than its principal office pursuant to section 8-157.01.Source   Laws 1996, LB 948, § 29;  Laws 1999, LB 396, § 20.
NE Code § 21-1730 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1730 - Fiscal year.

21-1730.  Fiscal year.The fiscal year of each credit union organized under the Credit Union Act shall end on December 31.Source  Laws 1996, LB 948, § 30.