Mutual company; assessment association; articles of incorporation; contents.

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  2. Nebraska Revised Statutes
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  4. Mutual company; assessment association; articles of incorporation; contents.

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44-216. Mutual company; assessment association; articles of incorporation; contents.

The articles of incorporation of a mutual company or an assessment association may limit the insurance to specified kinds or classes of property, lives, individuals, or liabilities within any subdivision of section 44-201 or the territory within which insurance shall be granted and shall provide the manner in which policyholders of a mutual company shall participate in the profits of the company.

Source

  • Laws 1913, c. 154, § 85, p. 430;
  • R.S.1913, § 3222;
  • Laws 1919, c. 190, tit. V, art. V, § 8, p. 610;
  • C.S.1922, § 7821;
  • C.S.1929, § 44-408;
  • R.S.1943, § 44-216;
  • Laws 1989, LB 92, § 62.


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