Nebraska Statutes 44-124. Domestic mutual company; assets; deficiency; service of notice; failure to restore; proceedings authorized
Such notice and requisition may be served by either registered or certified letter, having affixed the proper postage, and directed to the company at its principal place of business in this state. Upon the service of such notice and requisition, the directors and officers thereof shall forthwith cause such deficiency to be made good and proof thereof to be filed in the office of the Department of Insurance within the time specified in the notice and requisition. If such deficiency shall not be made good within the time specified in the notice and requisition and satisfactory proof thereof filed with the department, such company shall be proceeded against in the manner authorized and directed by the Nebraska Insurers Supervision, Rehabilitation, and Liquidation Act.
Source
- Laws 1913, c. 154, § 10, p. 401;
- R.S.1913, § 3146;
- Laws 1919, c. 190, tit. V, art. III, § 3, p. 578;
- C.S.1922, § 7747;
- C.S.1929, § 44-203;
- R.S.1943, § 44-124;
- Laws 1957, c. 242, § 33, p. 846;
- Laws 1989, LB 319, § 64.
Terms Used In Nebraska Statutes 44-124
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Company shall: include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Department: shall mean the Department of Insurance. See Nebraska Statutes 44-103
- 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