Nebraska Statutes 11-124. Bonds; guaranty companies; failure to pay judgment; penalty
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If any such corporation fails, neglects, or refuses to pay any fine, judgment, or decree rendered against it upon any such recognizance, stipulation, bond, or undertaking, from which no appeal, writ of error, or supersedeas is taken for ninety days after the entry of such judgment or decree, it shall forfeit all rights to do business in this state until such judgment or decree is fully paid or satisfied.
Source
- Laws 1895, c. 22, § 3, p. 123;
- R.S.1913, § 5730;
- C.S.1922, § 5059;
- C.S.1929, § 12-123;
- R.S.1943, § 11-124;
- Laws 2000, LB 921, § 1.
Terms Used In Nebraska Statutes 11-124
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.