Neb. Rev. Stat. » Chapter 21
Nebraska Revised Statutes

Neb. Rev. Stat. § 21-146 (2026)

Effect of person's dissociation as member

✓ text as last checked Oct. 2026 (this copy records no edition or section history)
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(RULLCA 603) (a) When a person is dissociated as a member of a limited liability company:

(1) the person's right to participate as a member in the management and conduct of the company's activities terminates;

(2) if the company is member-managed, the person's fiduciary duties as a member end with regard to matters arising and events occurring after the person's dissociation; and

(3) subject to section 21-143 and sections 21-170 to 21-184, any transferable interest owned by the person immediately before dissociation in the person's capacity as a member is owned by the person solely as a transferee.

(b) A person's dissociation as a member of a limited liability company does not of itself discharge the person from any debt, obligation, or other liability to the company or the other members which the person incurred while a member.

Notes of Decisions
Cited in 1 case, 2020–2020 · leading case: Benjamin v. Bierman, 943 N.W.2d 283 (Neb. 2020).
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Benjamin v. Bierman, 943 N.W.2d 283 (Neb. 2020). · cites it 2× “Appellees’ Cross-Appeal On cross-appeal, appellees assign 17 separate assignments of error.”
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