Nebraska § 44-320.01 Domestic company; capital stock; retirement not to constitute sale, when; reinsurance or consolidation; effect

Nebraska Statutes

§ 44-320.01 — Domestic company; capital stock; retirement not to constitute sale, when; reinsurance or consolidation; effect

Nebraska § 44-320.01

Ch. 44Insurance

This text of Nebraska § 44-320.01 (Domestic company; capital stock; retirement not to constitute sale, when; reinsurance or consolidation; effect) 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. § 44-320.01 (2026).

Text

Retirement of the capital stock of a domestic stock insurance company and the payment to the holders of such stock of its value under a plan for the mutualization of such company shall not constitute a sale of such stock within the prohibition of section  44-320 ; nor shall a contract to reinsure or assume the risks and business of another insurance company through reinsurance or consolidation as provided for by sections  44-224.01  to  44-224.10 , be deemed to be either a sale or purchase of property within the prohibition of section  44-320 .

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Retirement of the capital stock of a domestic stock insurance company and the payment to the holders of such stock of its value under a plan for the mutualization of such company shall not constitute a sale of such stock within the prohibition of section 44-320 ; nor shall a contract to reinsure or assume the risks and business of another insurance company through reinsurance or consolidation as provided for by sections 44-224.01 to 44-224.10 , be deemed to be either a sale or purchase of property within the prohibition of section 44-320 .