Nebraska Statutes 2-4233. Person executing bonds; not subject to personal liability
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Neither the members of the board of directors of the corporation nor any other person executing the bonds issued under the Conservation Corporation Act shall be subject to personal liability or accountability by reason of the issuance thereof.
Source
- Laws 1981, LB 385, § 33;
- Laws 1985, LB 387, § 17.
Terms Used In Nebraska Statutes 2-4233
- 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.
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801