Nebraska Revised Statute 44-217
Chapter 44
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).