A club shall not render or agree to render a motor club service without first depositing and thereafter continuously maintaining the amount of fifty thousand dollars in cash or securities approved by the director or, in lieu of such cash or securities, a performance bond in the amount of fifty thousand dollars executed by a surety company authorized by the laws of this state to transact business within this state. The bond shall be executed to the State of Nebraska and shall be for the use of the state and for any members who may have a cause of action against the club.

Terms Used In Nebraska Statutes 44-3709

  • Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
  • Club: shall mean any organization or other person presently or hereafter engaged in selling, furnishing, or making available to members, either as principal or agent, motor club services. See Nebraska Statutes 44-3703
  • Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
  • Director: shall mean the Director of Insurance. See Nebraska Statutes 44-3705
  • Motor club service: shall mean the rendering, furnishing, or procuring of, or reimbursement for any of the services enumerated in this section, which shall include but not be limited to:

    (1) Towing service. See Nebraska Statutes 44-3707

  • 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
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