Nebraska Revised Statute 8-304

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Chapter 8

8-304.

Stockholders; voting; limitations.

Subject to the limitations set forth in section 8-303, each investing member shall be permitted to cast one vote for each hundred dollars of withdrawal value of his stock. Each borrowing member shall be permitted as a borrower to cast one vote, or to cast one vote for each one hundred dollars of the credit value of his stock. Fifteen or more members present at a regular or special meeting of members constitute a quorum. Voting may be by proxy if the instrument authorizing the proxy to vote shall have been executed by a member.

Source

  • Laws 1899, c. 17, § 1, p. 84;
  • R.S.1913, § 485;
  • Laws 1919, c. 190, tit. V, art. XIX, § 2, p. 724;
  • C.S.1922, § 8084;
  • C.S.1929, § 8-302;
  • Laws 1937, c. 19, § 1, p. 125;
  • C.S.Supp.,1941, § 8-302;
  • R.S.1943, § 8-304;
  • Laws 1945, c. 9, § 2, p. 107;
  • Laws 1953, c. 9, § 1, p. 74.