Nebraska § 21-111 - Operating agreement; effect on limited liability company and persons becoming members; preformation agreement.
Full text of Nebraska Revised Statutes of Nebraska § 21-111 — Operating agreement; effect on limited liability company and persons becoming members; preformation agreement., with citation guidance and answers to common questions.
§ 21-111. Operating agreement; effect on limited liability company and persons becoming members; preformation agreement.
(RULLCA 111) (a) A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the operating agreement.
(b) A person that becomes a member of a limited liability company is deemed to assent to the operating agreement.
(c) Two or more persons intending to become the initial members of a limited liability company may make an agreement providing that upon the formation of the company the agreement will become the operating agreement. One person intending to become the initial member of a limited liability company may assent to terms providing that upon the formation of the company the terms will become the operating agreement.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 21-111
What does Revised Statutes of Nebraska § 21-111 cover?
Section 21-111 ("Operating agreement; effect on limited liability company and persons becoming members; preformation agreement.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 21-111?
A common citation format is "Revised Statutes of Nebraska § 21-111" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 21-111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.