Nebraska § 21-1768.01 - Associate directors.
Full text of Nebraska Revised Statutes of Nebraska § 21-1768.01 — Associate directors., with citation guidance and answers to common questions.
§ 21-1768.01. Associate directors.
(1) The board of directors of a credit union may, in its discretion, appoint one or more associate directors to serve in an advisory capacity. The board shall prescribe the duties of an associate director and the manner in which associate directors are appointed and removed. The board shall not delegate to associate directors any of the duties or responsibilities prescribed by the Credit Union Act or other applicable law to be performed by the directors duly elected by the members. An associate director shall not be deemed or considered to be a director for any purpose under the act.
(2) Before appointing an associate director, the board shall confirm that the person meets all of the requirements to serve as a director.
(3) An associate director may participate in meetings of the board but may not vote or otherwise act as a director. With respect to any issue that comes before the board for deliberation, the board may request that any associate director in attendance leave the meeting of the board and any associate director in attendance shall immediately comply with the request.
(4) The board shall require each associate director to sign a confidentiality or nondisclosure agreement to ensure that information concerning the credit union remains confidential.
Frequently Asked Questions About Nebraska § 21-1768.01
What does Revised Statutes of Nebraska § 21-1768.01 cover?
Section 21-1768.01 ("Associate directors.") 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 § 21-1768.01?
A common citation format is "Revised Statutes of Nebraska § 21-1768.01" (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 § 21-1768.01 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.