Nebraska § 44-386.06 Unincorporated mutual associations; cease and desist orders; misappropriation of funds; director; duties

Nebraska Statutes

§ 44-386.06 — Unincorporated mutual associations; cease and desist orders; misappropriation of funds; director; duties

Nebraska § 44-386.06

Ch. 44Insurance

This text of Nebraska § 44-386.06 (Unincorporated mutual associations; cease and desist orders; misappropriation of funds; director; duties) 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. § 44-386.06 (2026).

Text

If, after the hearing provided for in section  44-386.05 , the Director of Insurance finds that any rule or regulation adopted and promulgated pursuant to section  44-386.08  or any statute is being violated, he or she may issue an order to cease and desist all business of the association or any activity connected therewith until such time as corrective measures have been taken. If the director determines that any officer or member has misappropriated any funds or wrongfully converted any funds to his or her own use, he or she shall refer the matter to the county attorney of the county in which the books of the association are kept for prosecution by the county attorney under the applicable criminal statutes.

Free access — add to your briefcase to read the full text and ask questions with AI

If, after the hearing provided for in section 44-386.05 , the Director of Insurance finds that any rule or regulation adopted and promulgated pursuant to section 44-386.08 or any statute is being violated, he or she may issue an order to cease and desist all business of the association or any activity connected therewith until such time as corrective measures have been taken. If the director determines that any officer or member has misappropriated any funds or wrongfully converted any funds to his or her own use, he or she shall refer the matter to the county attorney of the county in which the books of the association are kept for prosecution by the county attorney under the applicable criminal statutes.