Nebraska § 21-1774 - Shares.
Full text of Nebraska Revised Statutes of Nebraska § 21-1774 — Shares., with citation guidance and answers to common questions.
§ 21-1774. Shares.
(1) Share accounts and membership shares, if any, may be subscribed to, paid for, and transferred in such manner as the bylaws may prescribe. A credit union may have more than one class of share accounts subject to such terms, rates, and conditions as the board of directors establishes or as provided for in the underlying contract. All classes of share accounts shall be treated equally in the event of liquidation of the credit union.
(2) A credit union may require its members to subscribe to and make payments on membership shares.
(3) The par value of share accounts and membership shares shall be as prescribed in the bylaws.
(4) Membership shares may not be pledged as security on any loan.
Frequently Asked Questions About Nebraska § 21-1774
What does Revised Statutes of Nebraska § 21-1774 cover?
Section 21-1774 ("Shares.") 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 § 21-1774?
A common citation format is "Revised Statutes of Nebraska § 21-1774" (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 § 21-1774 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.