reglab/housing_qa huggingface dataset:
NE Code § 21-624 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-624 - Society names and emblems; registration; organizations not affected.

21-624.  Society names and emblems; registration; organizations not affected.The provisions of sections 21-617 to 21-623 shall not apply to or in any way affect any fraternal society, club, organization, or association connected with and recognized by any university, college, parochial school, high school, or other educational institution in the State of Nebraska.Source   Laws 1929, c. 140, § 8, p. 498;   C.S.1929, § 24-621;   R.S.1943, § 21-624;   Laws 1987, LB 31, § 1.
NE Code § 21-1101 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1101 - Legislative grant of charter; reservation of power to change.

21-1101.  Legislative grant of charter; reservation of power to change.Fontenelle Forest Association is hereby authorized to organize as a corporation not for profit under the provisions of the Nebraska Nonprofit Corporation Act. Upon so organizing, it shall have all of the powers and immunities provided for by such act and shall in all respects be subject to the provisions of such act, and for all purposes shall be deemed the successor to Fontenelle Forest Association as now organized and constituted.Source   Laws 1913, c. 176, § 1, p. 531;   R.S.1913, § 714;   C.S.1922, § 623;   C.S.1929, § 24-1101;   R.S.1943, § 21-1101;   Laws 1969, c. 125, § 1, p. 576;   Laws 1996, LB 681, § 179.  Cross References  Nebraska Nonprofit Corporation Act, see section 21-1901.
NE Code § 21-1301 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1301 - Cooperative corporation; formation; general purposes and powers; exceptions; action by cooperative corporation; vote required.

21-1301.  Cooperative corporation; formation; general purposes and powers; exceptions; action by cooperative corporation; vote required.Any number of persons, not less than ten, or one or more cooperative companies, may form and organize a cooperative corporation for the transaction of any lawful business by the adoption of articles of incorporation in the same manner and with like powers and duties as is required of other corporations except as provided in sections 21-1301 to 21-1306. Nothing in sections 21-1301 and 21-1303 shall be deemed to apply to electrical cooperatives or electric member associations. If the Nebraska Model Business Corporation Act requires an affirmative vote of a specified percentage of stockholders before action can be taken by a corporation, such percentage for a cooperative corporation shall be of the votes cast on the matter at the stockholders' meeting at which the same shall be voted upon.Source   Laws 1911, c. 32, § 2, p. 196;   R.S.1913, § 734;   Laws 1919, c. 197, § 3, p. 879;   Laws 1921, c. 28, § 1, p. 161;   C.S.1922, § 642;   Laws 1925, c. 79, § 1, p. 243;   C.S.1929, § 24-1301;   R.S.1943, § 21-1301;   Laws 1963, c. 102, § 1, p. 422;   Laws 1975, LB 156, § 1;   Laws 1995, LB 109, § 203;  Laws 2014, LB749, § 262. Cross References   Nebraska Model Business Corporation Act, see section 21-201.  Transactions exempt from Securities Act of Nebraska, see section 8-1111. Annotations  Organization of cooperative association as a corporation is authorized. Schmeckpeper v. Panhandle Coop. Assn., 180 Neb. 352, 143 N.W.2d 113 (1966). Farmers' cooperative company organized under this article is not necessarily exempt from federal income tax. Farmers Union Co-op. Co. of Guide Rock v. Commissioner of Internal Revenue, 90 F.2d 488 (8th Cir. 1937).
NE Code § 21-1302 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1302 - Cooperative corporation; articles of incorporation; contents.

21-1302.  Cooperative corporation; articles of incorporation; contents.Every such cooperative company shall provide in its articles of incorporation:(1) That the word cooperative shall be included in its corporate name and that it proposes to organize as a cooperative corporation;(2) That dividends on the capital stock shall be fixed but shall not exceed eight percent per annum of the amount actually paid thereon;(3) That the net earnings or savings of the company remaining after making the distribution provided in subdivision (2) of this section, if any, shall be distributed on the basis of or in proportion to the amount or value of property bought from or sold to members, or members and other patrons, or of labor performed or other services rendered to the corporation. This subdivision shall not be so interpreted as to prevent a cooperative company from declaring patronage dividends at different rates upon different classes or kinds or varieties of goods handled. This subdivision and subdivision (2) of this section shall not be so interpreted as to prevent a company from appropriating funds for the promotion of cooperation and improvement in agriculture;(4) That the articles of incorporation or the bylaws of the company shall give a detailed statement of the method followed in distributing earnings or savings;(5) The registered office and street address of such registered office;(6) The current registered agent and the name and street address of such registered agent. A post office box number may be provided in addition to the street address; and(7) The name and street address of each incorporator.Source   Laws 1921, c. 28, § 2, p. 161;   C.S.1922, § 643;   Laws 1925, c. 79, § 2, p. 243;   C.S.1929, § 24-1302;   R.S.1943, § 21-1302;   Laws 1963, c. 102, § 2, p. 423;   Laws 1967, c. 103, § 1, p. 318;  Laws 2008, LB379, § 5. Annotations The requirement of the accumulation of a surplus equal to twenty percent does not restrict the corporation from providing a greater amount. Schmeckpeper v. Panhandle Coop. Assn., 180 Neb. 352, 143 N.W.2d 113 (1966).
NE Code § 21-1303 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1303 - Cooperative corporation; additional powers; stockholder vote; conditions; adoption of articles and bylaws.

21-1303.  Cooperative corporation; additional powers; stockholder vote; conditions; adoption of articles and bylaws.Every cooperative company which shall organize under sections 21-1301 and 21-1302 shall have power (1) to regulate and limit the right of stockholders to transfer their stock, (2) to restrict stock ownership to producers of agricultural products and, if such restriction is adopted, to provide an equitable procedure for redeeming the stock of any holder who is determined not to be a producer of agricultural products, (3) to provide that each individual holder of common stock may be limited to one vote per person, regardless of the number of shares of stock which he or she may own, at any stockholders' meeting and that such vote may be cast only in person, or by a signed, written vote if the stockholder has been previously notified in writing of the exact motion or resolution on which the vote is taken, (4) to limit the amount of capital stock that any one person or corporation may own either directly or indirectly, (5) to prohibit or to limit the amount or percentage of the total business which may be transacted with nonmembers, (6) to set aside each year to a surplus fund a portion of the savings of the company over and above all expenses and dividends or interest upon capital stock which surplus may be used for conducting the business of the corporation, and (7) to adopt articles and bylaws for the management and regulation of the affairs of the company which shall set the number of directors, the terms of such directors, including any provisions for the staggering of such terms, the number or percentage of stockholders or shares of stock required to be present, in person or by proxy, in order to constitute a quorum at each stockholders' meeting, which number or percentage shall not be less than ten percent of the stockholders but never more than fifty nor less than five stockholders. Members represented by signed, written vote may be counted in computing a quorum only on those questions as to which the signed, written vote is taken.Source   Laws 1911, c. 32, § 3, p. 196;   R.S.1913, § 735;   Laws 1919, c. 57, § 1, p. 161;   Laws 1921, c. 28, § 3, p. 162;   C.S.1922, § 644;   Laws 1925, c. 79, § 3, p. 244;   C.S.1929, § 24-1303;   R.S.1943, § 21-1303;   Laws 1961, c. 79, § 1, p. 288;   Laws 1963, c. 102, § 3, p. 423;   Laws 1965, c. 89, § 1, p. 356;   Laws 1975, LB 156, § 2;   Laws 1981, LB 283, § 1.  Annotations Cooperative associations are given power to engage in enterprises requiring capital. Schmeckpeper v. Panhandle Coop. Assn., 180 Neb. 352, 143 N.W.2d 113 (1966).
NE Code § 21-1304 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1304 - Cooperative corporation; contracts with members; provisions; damages for breach.

21-1304.  Cooperative corporation; contracts with members; provisions; damages for breach.The contracts mentioned in section 21-1303 may require the members to sell, for any period of time not over five years, all or a stipulated part of their specifically enumerated products through the association or to buy specifically enumerated supplies exclusively through the association, but in such case a reasonable period during each year after the first two years of the contract shall be specified during which any member, by giving notice in prescribed form, may be released from such obligation thereafter. In order to protect itself in the necessary outlay, which it may make for the maintenance of its services, and likewise to reimburse the association for any loss or damage which it or its members may sustain through a member's failure to deliver his products to, or to procure his supplies from the association, the association may stipulate that some regular charge shall be paid by the members for each unit of goods covered by such contract, whether actually handled by the association or not. In case it is difficult or impracticable to determine the actual amount of damage suffered by the association or its members through such failure to comply with the terms of such contract, the association and the members may agree upon a sum to be paid as liquidated damages for the breach of the contract, the amount to be stated in the contract.Source   Laws 1925, c. 79, § 3, p. 245;   C.S.1929, § 24-1303;   R.S.1943, § 21-1304.
NE Code § 21-1305 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1305 - Cooperative corporation; fees, filings, and reports.

21-1305.  Cooperative corporation; fees, filings, and reports.The fees for the incorporation of cooperative companies shall be the same as those required by law of other corporations. Such cooperative corporations shall be required to make the same reports and filings as is required of other corporations.Source   Laws 1911, c. 32, § 5, p. 197;   R.S.1913, § 737;   Laws 1921, c. 28, § 4, p. 162;   C.S.1922, § 645;   C.S.1929, § 24-1304;   R.S.1943, § 21-1305.
NE Code § 21-1306 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1306 - Cooperative; use of word restricted; penalty for violation.

21-1306.  Cooperative; use of word restricted; penalty for violation.No corporation, company, firm or association which shall not be incorporated as a cooperative corporation shall adopt or use the words cooperative or any abbreviation thereof as a part of its name. Any person or company violating the provisions of this section shall be guilty of a Class V misdemeanor for each day's continuance of the offense.Source   Laws 1921, c. 28, § 5, p. 162;   C.S.1922, § 646;   C.S.1929, § 24-1305;   R.S.1943, § 21-1306;   Laws 1977, LB 40, § 78.
NE Code § 21-1333 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1333 - Cooperative farm land company; incorporation; purposes; general powers.

21-1333.  Cooperative farm land company; incorporation; purposes; general powers.Any number of persons, not less than five, may form and organize a cooperative farm land company, with or without capital stock, for the purpose of facilitating the acquisition of agricultural and grazing lands by farmers and stock raisers, by the adoption of articles of incorporation in the same manner and with like powers and duties as other corporations, except as herein provided.Source   Laws 1941, c. 38, § 1, p. 153;   C.S.Supp.,1941, § 24-2101;   R.S.1943, § 21-1333.
NE Code § 21-1334 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1334 - Cooperative farm land company; articles of incorporation; contents; new members.

21-1334.  Cooperative farm land company; articles of incorporation; contents; new members.Every such cooperative farm land company shall provide in its articles of incorporation (1) that the word cooperative shall be included in its corporate name and that it proposes to organize as a cooperative farm land company; (2) if organized with capital stock, that no one person shall own either directly or indirectly more than five percent of the capital stock of the company; (3) if organized without capital stock, whether the property rights and interest of each member shall be equal or unequal; and if unequal, the general rule or rules applicable to all members by which the property rights and interests, respectively, of each member may and shall be determined and fixed; and the association shall have the power to admit new members who shall be entitled to share in the property of the association with the old members, in accordance with such general rule or rules; and (4) that dividends on the capital stock shall be fixed by the company, but shall in no event exceed six percent per annum of the amount actually paid thereon.Source   Laws 1941, c. 38, § 2, p. 153;   C.S.Supp.,1941, § 24-2102;   R.S.1943, § 21-1334.
NE Code § 21-1336 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1336 - Cooperative farm land company; annual report; contents; fee.

21-1336.  Cooperative farm land company; annual report; contents; fee.(1) Each cooperative farm land company organized hereunder shall make a report in writing to the Secretary of State annually during the month of November in such form as the secretary may prescribe for the reports of nonprofit corporations. The report shall be signed and sworn to, before an officer authorized to administer oaths, by the president, vice president, secretary or other chief officer of the corporation, and forwarded to the Secretary of State.(2) Such report shall show (a) the name of the corporation, (b) the location of its principal office, (c) the names of the president, secretary-treasurer, and members of the board of trustees or directors, with post office address of each, (d) the date of the annual election of such corporation, and (e) the object or purpose which such corporation is engaged in carrying out.(3) Upon the filing of such report as provided in subdivisions (1) and (2) of this section, the Secretary of State shall charge and collect a fee of one dollar on or before the first of January next following, which fee shall be in lieu of occupation tax fees.Source   Laws 1941, c. 38, § 4, p. 154;   C.S.Supp.,1941, § 24-2104;   R.S.1943, § 21-1336.
NE Code § 21-1337 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1337 - Cooperative farm land company; certificate of compliance; occupation tax laws inapplicable.

21-1337.  Cooperative farm land company; certificate of compliance; occupation tax laws inapplicable.Upon the filing of the report and the payment of the fee provided for in section 21-1336, the Secretary of State shall make out and deliver to such corporation a certificate witnessing the compliance by such corporation with section 21-1336 and the payment of the annual fee therein provided for. No further compliance with sections 21-301 to 21-325 shall be required of such cooperative farm land companies.Source   Laws 1941, c. 38, § 5, p. 155;   C.S.Supp.,1941, § 24-2105;   R.S.1943, § 21-1337;   Laws 1988, LB 800, § 6.
NE Code § 21-1338 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1338 - Cooperative farm land company; fees; disposition.

21-1338.  Cooperative farm land company; fees; disposition.Annual fees collected under section 21-1336 shall be reported by the Secretary of State to the Tax Commissioner, and shall be paid by the secretary into the state treasury and credited to the General Fund.Source   Laws 1941, c. 38, § 6, p. 155;   C.S.Supp.,1941, § 24-2106;   R.S.1943, § 21-1338.
NE Code § 21-1339 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1339 - Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.

21-1339.  Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.Obligations of a cooperative farm land company secured by a first mortgage on agricultural lands purchased by a cooperative farm land company shall be a lawful investment for funds of any insurance company which has conveyed real estate to the company to the full extent of the purchase price.Source   Laws 1941, c. 38, § 7, p. 155;   C.S.Supp.,1941, § 24-2107;   R.S.1943, § 21-1339;   Laws 1991, LB 237, § 55.
NE Code § 21-1401 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1401 - Terms, defined; act, how cited.

21-1401.  Terms, defined; act, how cited.(1) For purposes of the Nonstock Cooperative Marketing Act, unless the context otherwise requires: (a) The term association means any corporation formed hereunder; (b) the term member means a person who owns a certificate of membership in an association formed without capital stock; (c) the term person means an individual, a partnership, a limited liability company, a corporation, an association, or two or more persons having a joint or common interest; (d) the term agricultural products or products means field crops, horticultural, viticultural, forestry, nut, dairy, livestock, poultry, bee and farm products, and the byproducts derived from any of them; and (e) the words used to import the singular may be applied to the plural as the context may demand.(2) Associations organized hereunder shall be deemed nonprofit, inasmuch as they are not organized to make profits for themselves as such or for their members as such but only for their members as producers.(3) Sections 21-1401 to 21-1414 shall be known and may be cited as the Nonstock Cooperative Marketing Act.Source   Laws 1925, c. 80, § 1, p. 247;   C.S.1929, § 24-1401;   R.S.1943, § 21-1401;   Laws 1993, LB 121, § 150. Cross References  Transactions exempt from Securities Act of Nebraska, see section 8-1111.Annotations  A nonstock cooperative corporation formed pursuant to this section is not a "non-profit corporation" as that term is used in Neb. Const. art. XII, section 8(1)(B), because it exists and operates for the economic benefit of its members. Pig Pro Nonstock Co-op v. Moore, 253 Neb. 72, 568 N.W.2d 217 (1997). Statutory definition of "agricultural products" used herein was adopted by court as applicable to hauling by contract carrier. Rodgers v. Nebraska State Railway Commission, 134 Neb. 832, 279 N.W. 800 (1938). Common membership in nonstock cooperative association did not authorize injunction against prosecution of suits against individual members on note given for membership. Epp v. Federal Trust Company, 123 Neb. 375, 242 N.W. 922 (1932).
NE Code § 21-1402 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1402 - Formation; purposes.

21-1402.  Formation; purposes.Any number of persons, not less than five, engaged in the production of agricultural products or two or more nonprofit cooperative companies, stock or nonstock, may form a cooperative association without capital stock for the transaction of any lawful business by the adoption of articles of incorporation, as set forth in Chapter 21, article 14.Source   Laws 1925, c. 80, § 2, p. 248;   C.S.1929, § 24-1402;   R.S.1943, § 21-1402;   Laws 1951, c. 40, § 1, p. 146;   Laws 1981, LB 283, § 2.
NE Code § 21-1403 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1403 - Articles of incorporation; contents.

21-1403.  Articles of incorporation; contents.Every nonstock cooperative association organized under the provisions of Chapter 21, article 14, shall provide in its articles of incorporation: (1) That the words nonstock cooperative shall be included in its corporate name and that it proposes to organize as a cooperative association; (2) the objects or purposes for which it is formed; (3) that the net earnings or savings of the association, if any, shall be distributed on the basis of, or in proportion to, the amount or value of property bought from or sold to members, or members and other patrons, or of labor performed or other services rendered to the corporation, except that this subdivision shall not be so interpreted as to prevent a cooperative company from declaring patronage dividends at different rates upon different classes or kinds or varieties of goods handled; (4) that the articles of incorporation or the bylaws of the company shall give a detailed statement of the method followed in distributing earnings or savings; (5) the registered office and street address of such registered office; (6) the current registered agent and the name and street address of such registered agent. A post office box number may be provided in addition to the street address; and (7) the name and street address of each incorporator.Source   Laws 1925, c. 80, § 3, p. 248;   C.S.1929, § 24-1403;   R.S.1943, § 21-1403;   Laws 1967, c. 104, § 1, p. 320;   Laws 1981, LB 283, § 3;  Laws 2008, LB379, § 6.
NE Code § 21-1404 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1404 - Articles of incorporation; filing; certified copy as evidence; fees.

21-1404.  Articles of incorporation; filing; certified copy as evidence; fees.The articles of incorporation and amendments thereof shall be filed in accordance with the general corporation laws of this state and when so filed the said articles of incorporation and amendments thereof or certified copies thereof shall be received in all the courts of this state as prima facie evidence of the facts contained therein and of the due incorporation of such association. The fees for the incorporation of nonstock cooperative associations shall be the same as those required by law of other nonprofit corporations.Source   Laws 1925, c. 80, § 4, p. 249;   C.S.1929, § 24-1404;   R.S.1943, § 21-1404;   Laws 1981, LB 283, § 4.
NE Code § 21-1405 (2021)
2021 Nebraska Revised Statutes|Chapter 21 - Corporations and Other Companies|21-1405 - Powers.

21-1405.  Powers.Each association incorporated hereunder shall have the following powers: (1) To enter into contracts with its members for periods not over five years, requiring them to sell or market all or a specified part of their livestock or other products to or through the association, or to buy all, or a specified part, of their farm supplies from or through the association; (2) to act as agent or representative of any member or members or of nonmembers in carrying out the objects of the association; (3) to set aside each year to a surplus fund a portion of the savings of the company which surplus may be used for conducting the business of the corporation; and (4) to adopt articles and bylaws for the management of the association which shall also set the number or percentage of members required to be present in order to constitute a quorum at each members' meeting, which number or percentage shall not be less than ten percent of the members, but not more than fifty members, nor less than five members, except when the total membership is ten or less.Source   Laws 1925, c. 80, § 5, p. 249;   C.S.1929, § 24-1405;   R.S.1943, § 21-1405;   Laws 1977, LB 155, § 1;   Laws 1981, LB 283, § 5.