60-547 Bond; proof of financial responsibility. - Nebraska Statutes

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60-547. Bond; proofof financial responsibility.Proof of financialresponsibility may be evidenced by the bond of a surety company duly authorizedto transact business within this state, or a bond with at least two individualsureties who each own real estate within this state, which real estate shallbe scheduled in the bond approved by a judge of a court of record. The bond shall be conditionedfor the payment of the amounts specified in subdivision(11) of section 60-501. It shall be filed with the departmentand shall not be cancelable except after ten days' written notice to the department.Such bond shall constitute a lien in favor of the state upon the real estateso scheduled of any surety, which lien shall exist in favor of any holderof a final judgment against the person who has filed such bond, for damages,including damages for care and loss of services, because of bodily injuryto or death of any person, or for damages because of injury to or destructionof property, including the loss of use thereof, resulting from the ownership,maintenance, use, oroperation of a motor vehicle after such bond was filed, upon the filing ofnotice to that effect by the department in the office of the register of deedsof the county where such real estate shall be located. SourceLaws 1949, c. 178, § 47, p. 498; Laws 2010, LB650, § 34.

State Codes and Statutes

Statutes > Nebraska > Chapter60 > 60-547

60-547. Bond; proofof financial responsibility.Proof of financialresponsibility may be evidenced by the bond of a surety company duly authorizedto transact business within this state, or a bond with at least two individualsureties who each own real estate within this state, which real estate shallbe scheduled in the bond approved by a judge of a court of record. The bond shall be conditionedfor the payment of the amounts specified in subdivision(11) of section 60-501. It shall be filed with the departmentand shall not be cancelable except after ten days' written notice to the department.Such bond shall constitute a lien in favor of the state upon the real estateso scheduled of any surety, which lien shall exist in favor of any holderof a final judgment against the person who has filed such bond, for damages,including damages for care and loss of services, because of bodily injuryto or death of any person, or for damages because of injury to or destructionof property, including the loss of use thereof, resulting from the ownership,maintenance, use, oroperation of a motor vehicle after such bond was filed, upon the filing ofnotice to that effect by the department in the office of the register of deedsof the county where such real estate shall be located. SourceLaws 1949, c. 178, § 47, p. 498; Laws 2010, LB650, § 34.

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State Codes and Statutes

Statutes > Nebraska > Chapter60 > 60-547

60-547. Bond; proofof financial responsibility.Proof of financialresponsibility may be evidenced by the bond of a surety company duly authorizedto transact business within this state, or a bond with at least two individualsureties who each own real estate within this state, which real estate shallbe scheduled in the bond approved by a judge of a court of record. The bond shall be conditionedfor the payment of the amounts specified in subdivision(11) of section 60-501. It shall be filed with the departmentand shall not be cancelable except after ten days' written notice to the department.Such bond shall constitute a lien in favor of the state upon the real estateso scheduled of any surety, which lien shall exist in favor of any holderof a final judgment against the person who has filed such bond, for damages,including damages for care and loss of services, because of bodily injuryto or death of any person, or for damages because of injury to or destructionof property, including the loss of use thereof, resulting from the ownership,maintenance, use, oroperation of a motor vehicle after such bond was filed, upon the filing ofnotice to that effect by the department in the office of the register of deedsof the county where such real estate shall be located. SourceLaws 1949, c. 178, § 47, p. 498; Laws 2010, LB650, § 34.