Nebraska Statutes

§ 44-255 — Plan of exchange; corporate status

Nebraska § 44-255
JurisdictionNebraska
Ch. 44Insurance

This text of Nebraska § 44-255 (Plan of exchange; corporate status) 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. § 44-255 (2026).

Text

The stock company acquired under a plan of exchange and the acquiring corporation shall be in all respects separate and distinct corporations, with neither corporation having any liability to the creditors or policyholders, if any, or shareholders of the other for any acts or omissions of the officers, directors, or shareholders of either or both of such corporations.

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Legislative History

Source: Laws 1973, LB 296, § 8; R.S.1943, (1988), § 44-133.08.

Nearby Sections

15
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Bluebook (online)
Nebraska § 44-255, Counsel Stack Legal Research, https://law.counselstack.com/statute/ne/44-255.