Nebraska Statutes 44-377. Insurance; joint, partnership, or limited liability company interest; policy terms
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To render an insurance policy effective by one partner, member, or part owner applicable to the interest of another partner, member, or owner, it is necessary that the terms of the policy should be such as are applicable to the joint, partnership, or limited liability company interest.
Source
- Laws 1913, c. 154, § 66, p. 423;
- R.S.1913, § 3202;
- Laws 1919, c. 190, tit. V, art. IV, § 36, p. 603;
- C.S.1922, § 7801;
- C.S.1929, § 44-336;
- R.S.1943, § 44-377;
- Laws 1993, LB 121, § 221.
Terms Used In Nebraska Statutes 44-377
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.