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Code · Nebraska · Chapter 70 — Power Districts and Corporations

70-734. Securities Act of Nebraska; inapplicable; when.

51 words·~1 min read·/ne/chapter-70/70-734

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Whenever any corporation organized under the Electric Cooperative Corporation Act has borrowed money from any federal agency, the obligations issued to secure the payment of such money shall be exempt from the provisions of the Securities Act of Nebraska, and the act shall not apply to the issuance of membership certificates.
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