Nebraska Statutes

§ 44-2142 — Seizure or sequestration of voting securities

Nebraska·Ch. 44 Insurance

In any case when a person has acquired or is proposing to acquire any voting securities in violation of the Insurance Holding Company System Act or any rule, regulation, or order of the director, the district court of Lancaster County may, on such notice as the court deems appropriate, upon the application of the insurer or the director seize or sequester any voting securities of the insurer owned directly or indirectly by such person and issue such order with respect thereto as may be appropriate to effectuate the act. Notwithstanding any other provisions of law, for purposes of the act the sites of the ownership of the securities of domestic insurers shall be deemed to be in this state.

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In any case when a person has acquired or is proposing to acquire any voting securities in violation of the Insurance Holding Company System Act or any rule, regulation, or order of the director, the district court of Lancaster County may, on such notice as the court deems appropriate, upon the application of the insurer or the director seize or sequester any voting securities of the insurer owned directly or indirectly by such person and issue such order with respect thereto as may be appropriate to effectuate the act. Notwithstanding any other provisions of law, for purposes of the act the sites of the ownership of the securities of domestic insurers shall be deemed to be in this state.

Nebraska § 44-2142 (Seizure or sequestration of voting securities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

National American Insurance v. Centra, Inc.

151 F.3d 780 (Eighth Circuit, 1998)

1 case citations

National American Insurance Company, a Nebraska Corporation, Timothy J. Hall, Director of the Nebraska Department of Insurance, Intervenor Below-Appellee v. Centra, Inc., a Delaware Corporation Can-Am Investments Limited, a Bahamian Corporation Ammex, Inc., a Michigan Corporation Durarock Underwriters, Ltd., a Barbados Registered Corporation Manual J. Moroun, an Individual Manual J. Moroun, Custodian of the Manual J. Moroun Trust for the Benefit of Matthew T. Moroun, Agnes A. Moroun, an Individual Agnes A. Moroun, Trustee for the M.J. Moroun Irrevocable Trust for Matthew T. Moroun Dean Witter Trust, Inc., a Corporation, National American Insurance Company, a Nebraska Corporation, Timothy J. Hall, Director of the Nebraska Department of Insurance, Intervenor Below-Appellee v. Centra, Inc., a Delaware Corporation Can-Am Investments Limited, a Bahamian Corporation Ammex, Inc., a Michigan Corporation Durarock Underwriters, Ltd., a Barbados Registered Corporation Manual J. Moroun, an Individual Manuel J. Moroun, Custodian of the Manual J. Moroun Trust for the Benefit of Matthew T. Moroun, Agnes A. Moroun, an Individual Agnes A. Moroun, Trustee for the M.J. Moroun Irrevocable Trust for Matthew T. Moroun, Dean Witter Trust, Inc., a Corporation, National American Insurance Company, a Nebraska Corporation, Timothy J. Hall, Director of the Nebraska Department of Insurance, Intervenor Below-Appellee v. Centra, Inc., a Delaware Corporation Can-Am Investments Limited, a Bahamian Corporation Ammex, Inc., a Michigan Corporation Durarock Underwriters, Ltd., a Barbados Registered Corporation Manual J. Moroun, an Individual Manual J. Moroun, Custodian of the Manual J. Moroun Trust for the Benefit of Matthew T. Moroun, Agnes A. Moroun, an Individual Agnes A. Moroun, Trustee for the M.J. Moroun Irrevocable Trust for Matthew T. Moroun Dean Witter Trust, Inc., a Corporation

151 F.3d 780 (Eighth Circuit, 1998)

1 case citations

Legislative History

Source: Laws 1991, LB 236, § 22.

Nearby Sections

15

§ 44-1001

Repealed. Laws 1985, LB 508, § 41

§ 44-1002

Repealed. Laws 1985, LB 508, § 41

§ 44-1003

Repealed. Laws 1985, LB 508, § 41

§ 44-1004

Repealed. Laws 1985, LB 508, § 41

§ 44-1004.01

Repealed. Laws 1985, LB 508, § 41

§ 44-1004.02

Repealed. Laws 1985, LB 508, § 41

§ 44-1005

Repealed. Laws 1985, LB 508, § 41

§ 44-1006

Repealed. Laws 1985, LB 508, § 41

§ 44-1007

Repealed. Laws 1985, LB 508, § 41

§ 44-1008

Repealed. Laws 1985, LB 508, § 41

§ 44-1009

Repealed. Laws 1985, LB 508, § 41

§ 44-101

Insurance; business public in character; deceptive practices prohibited

§ 44-101.01

Department of Insurance; general powers; director; duties

§ 44-1010

Repealed. Laws 1985, LB 508, § 41

§ 44-1011

Repealed. Laws 1985, LB 508, § 41

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