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Current as of January 01, 2024 | Updated by Findlaw Staff
To amend its articles of organization or bylaws:
(1) A proposed amendment shall be approved by a majority vote of the board of directors unless a greater vote is required by the articles of organization or bylaws; and
(2) The board of directors shall mail or otherwise transmit or deliver in a record to each member:
(a) The proposed amendment;
(b) A recommendation that the members approve the amendment unless the board determines because of conflict of interest or other special circumstances it should not make such a recommendation;
(c) If the board makes no recommendation, the basis of that decision;
(d) Any condition of its submission of the amendment to the members; and
(e) Notice of the meeting in the same manner as a special members' meeting.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 21. Corporations and Other Companies § 21-29,111. Notice and action on amendment of articles of organization or bylaws - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-21-corporations-and-other-companies/ne-rev-st-sect-21-29-111/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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