Nebraska § 21-2979 - Contribution agreements.
Full text of Nebraska Revised Statutes of Nebraska § 21-2979 — Contribution agreements., with citation guidance and answers to common questions.
§ 21-2979. Contribution agreements.
(1) A contribution agreement entered into before formation of the limited cooperative association is irrevocable for six months unless:
(a) Otherwise provided by the agreement; or
(b) All parties to the agreement consent to the revocation.
(2) Upon default by a party to a contribution agreement entered into before formation, the limited cooperative association, once formed, may:
(a) Collect the amount owed as any other debt; or
(b) Unless otherwise provided in the agreement, rescind the agreement if the debt remains unpaid more than twenty days after the limited cooperative association demands payment from the party in a record.
Frequently Asked Questions About Nebraska § 21-2979
What does Revised Statutes of Nebraska § 21-2979 cover?
Section 21-2979 ("Contribution agreements.") 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 § 21-2979?
A common citation format is "Revised Statutes of Nebraska § 21-2979" (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 § 21-2979 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.