44-217 Mutual company; assessment association; membership; voting. - Nebraska Statutes

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Statutes > Nebraska > Chapter44 > 44-217

44-217. Mutual company; assessment association; membership; voting.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. SourceLaws 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. AnnotationsThe 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).

State Codes and Statutes

Statutes > Nebraska > Chapter44 > 44-217

44-217. Mutual company; assessment association; membership; voting.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. SourceLaws 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. AnnotationsThe 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).

State Codes and Statutes

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State Codes and Statutes

Statutes > Nebraska > Chapter44 > 44-217

44-217. Mutual company; assessment association; membership; voting.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. SourceLaws 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. AnnotationsThe 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).