(a) Any amendment to the articles or bylaws of a public benefit or mutual benefit
corporation that would terminate all members or any class of members or redeem or
cancel all memberships or any class of memberships must meet the requirements of the
Nebraska Nonprofit Corporation Act and this section.
(b) Before adopting a resolution proposing such an amendment, the board of a mutual
benefit corporation shall give notice of the general nature of the amendment to the
(c) After adopting a resolution proposing such an amendment, the notice to members
proposing such amendment shall include one statement of up to five hundred words opposing
the proposed amendment if such statement is submitted by any five members or members
having three percent or more of the voting power, whichever is less, not later than
twenty days after the board has voted to submit such amendment to the members for
their approval. In public benefit corporations the production and mailing costs shall be paid by the
requesting members. In mutual benefit corporations the production and mailing costs shall be paid by the
(d) Any such amendment shall be approved by the members by two-thirds of the votes
cast by each class.
(e) The provisions of section 21-1947 shall not apply to any amendment meeting the requirements of the act and this section.
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