Nebraska § 44-217 Mutual company; assessment association; membership; voting

Nebraska Statutes

§ 44-217 — Mutual company; assessment association; membership; voting

Nebraska § 44-217

Ch. 44Insurance

This text of Nebraska § 44-217 (Mutual company; assessment association; membership; voting) 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. § 44-217 (2026).

Text

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.

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Legislative History

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).