Directors and employees; hold other elective office; contract not void or voidable; when.

  1. Law
  2. Nebraska Revised Statutes
  3. Power Districts and Corporations
  4. Directors and employees; hold other elective office; contract not void or voidable; when.

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70-624.04. Directors and employees; hold other elective office; contract not void or voidable; when.

Directors and employees of public power districts, public power and irrigation districts, and public utility companies shall be permitted to hold other elective office as provided in section 32-604. No contracts of any such public power district, public power and irrigation district, or public utility company shall be void or voidable by reason of such service by its directors or employees.

Source

  • Laws 1971, LB 494, § 1;
  • Laws 1973, LB 559, § 9;
  • Laws 1990, LB 931, § 7;
  • Laws 1991, LB 20, § 3;
  • Laws 1991, LB 12, § 6;
  • Laws 1994, LB 76, § 586.

Annotations

  • A company engaged in the transmission and distribution of natural gas to the public on a regular basis is a public utility company within the meaning of this section. Kansas-Nebraska Nat. Gas Co., Inc. v. Wiles, 190 Neb. 795, 212 N.W.2d 633 (1973).


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