Nebraska § 44-208.06 Insurance companies; shares of stock; sale in excess of subscription price, limitation

Nebraska Statutes

§ 44-208.06 — Insurance companies; shares of stock; sale in excess of subscription price, limitation

Nebraska § 44-208.06

Ch. 44Insurance

This text of Nebraska § 44-208.06 (Insurance companies; shares of stock; sale in excess of subscription price, limitation) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 44-208.06 (2026).

Text

Until a certificate of authority is issued to a corporation to transact business on the stock plan and for three years thereafter, no shares of stock shall be issued by the corporation or sold or transferred by the promoters, incorporators, or other persons engaged in soliciting subscriptions or in organizing or promoting the corporation, without approval of the Department of Insurance, for an amount in excess of the original subscription price as stated in the application required by section  44-208.01 . Except to the extent provided in this section, sales and transfers of shares of stock by the record owner or owners shall not be subject to sections  44-208.01  to  44-208.08 .

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Until a certificate of authority is issued to a corporation to transact business on the stock plan and for three years thereafter, no shares of stock shall be issued by the corporation or sold or transferred by the promoters, incorporators, or other persons engaged in soliciting subscriptions or in organizing or promoting the corporation, without approval of the Department of Insurance, for an amount in excess of the original subscription price as stated in the application required by section 44-208.01 . Except to the extent provided in this section, sales and transfers of shares of stock by the record owner or owners shall not be subject to sections 44-208.01 to 44-208.08 .