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2018 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-2957 Term of director.
Universal Citation: NE Code § 21-2957 (2018)
21-2957. Term of director.
(1) A director's term expires at the annual members' meeting following the director's election unless otherwise provided in the articles of organization or bylaws. The term of a director shall not exceed three years.
(2) Unless otherwise provided in the articles of organization or bylaws, a director may be reelected for subsequent terms.
(3) A director continues to serve as director until a successor director is elected and qualified or until the director is removed, resigns, or dies.
Source
- Laws 2007, LB368, ยง 57.
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