2016 Nebraska Revised Statutes
Chapter 44 - INSURANCE
44-217 Mutual company; assessment association; membership; voting.
44-217. Mutual company; assessment association; membership; voting.
Each person, corporation, association, partnership, or limited liability company owning a policy or policies of insurance issued by a mutual company or an assessment association shall be a member thereof and have one vote.
Source
- Laws 1913, c. 154, § 83, p. 429;
- R.S.1913, § 3220;
- Laws 1919, c. 190, tit. V, art. V, § 6, p. 610;
- C.S.1922, § 7819;
- C.S.1929, § 44-406;
- R.S.1943, § 44-217;
- Laws 1989, LB 92, § 63;
- Laws 1993, LB 121, § 220.
Annotations
The provision that guarantees full rights of subscription to the members of a mutual insurance company, transformed into a stock company, refers to the policyholders of the former mutual company. Leininger v. North Am. Nat. Life Ins. Co., 115 Neb. 801, 215 N.W. 167 (1927).
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
