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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) Unless the articles of organization or bylaws otherwise provide, a vacancy on the board of directors shall be filled:
(a) By majority vote of the remaining directors until the next annual members' meeting or special members' meeting held for that purpose; and
(b) For the unexpired term by members at the next annual members' meeting or special members' meeting called for that purpose.
(2) If the vacating director was elected by a group or class of members or by group, class, or district:
(a) The appointed director shall be of that group, class, or district; and
(b) The election of the director for the unexpired term shall be conducted in the same manner as would the election for that position without a vacancy.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 21. Corporations and Other Companies § 21-2961. Vacancy on board - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-21-corporations-and-other-companies/ne-rev-st-sect-21-2961/
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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