Nebraska Statutes 2-4242. Expenses; how paid; liability of state prohibited
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All expenses incurred by the corporation in carrying out the Conservation Corporation Act shall be payable solely from funds provided under such act, and nothing in such act shall be construed to authorize the corporation to incur debts, indebtedness, or liability on behalf of or payable by this state.
Source
- Laws 1981, LB 385, § 42;
- Laws 1985, LB 387, § 18.
Terms Used In Nebraska Statutes 2-4242
- 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