{"data":{"id":"us-ne/neb.-rev.-stat.-21-29-123","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 21-29,123","heading":"Notice and action on plan of merger or consolidation by constituent limited cooperative association.","body":"(1) Unless otherwise provided in the articles of organization or bylaws, the plan of merger or consolidation shall be approved by a majority vote of the board of directors.\n(2) The board of directors shall mail or otherwise transmit or deliver in a record to each member:\n(a) The plan of merger or consolidation;\n(b) A recommendation that the members approve the plan of merger or consolidation unless the board makes a determination because of conflicts of interest or other special circumstances that it should not make such a recommendation;\n(c) If the board makes no recommendation, the basis for that decision;\n(d) Any condition of its submission of the plan of merger or consolidation to the members; and\n(e) Notice of the meeting in the same manner as a special members' meeting.","path":["Chapter 21 - CORPORATIONS AND OTHER COMPANIES"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=21-29,123","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-10-18T05:55:23Z","sha256":"a5f9f5c78e16a2775086e32806fb303156610c4ed3c35d973bb7a91cf2bcfa59","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-21-29-122","next":"us-ne/neb.-rev.-stat.-21-29-124"},"notice":"GroundRules: Original legal text. Not legal advice."}