Nebraska § 21-197 - Application to existing relationships.
Full text of Nebraska Revised Statutes of Nebraska § 21-197 — Application to existing relationships., with citation guidance and answers to common questions.
§ 21-197. Application to existing relationships.
(RULLCA 1104) (a) Before January 1, 2013, the Nebraska Uniform Limited Liability Company Act governs only:
(1) a limited liability company formed on or after January 1, 2011; and
(2) except as otherwise provided in subsection (c) of this section, a limited liability company formed before January 1, 2011, which elects, in the manner provided in its operating agreement or by law for amending the operating agreement, to be subject to the act and which delivers to the Secretary of State for filing a statement of election to be subject to the act pursuant to this subdivision.
(b) Except as otherwise provided in subsection (c) of this section, on and after January 1, 2013, the act governs all limited liability companies.
(c) For the purposes of applying the act to a limited liability company formed before January 1, 2011:
(1) the company's articles of organization are deemed to be the company's certificate of organization; and
(2) for the purposes of applying subdivision (11) of section 21-102 and subject to subsection (d) of section 21-112, language in the company's articles of organization designating the company's management structure operates as if that language were in the operating agreement.
Frequently Asked Questions About Nebraska § 21-197
What does Revised Statutes of Nebraska § 21-197 cover?
Section 21-197 ("Application to existing relationships.") 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 § 21-197?
A common citation format is "Revised Statutes of Nebraska § 21-197" (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 § 21-197 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.