Nebraska Statutes 44-808. Losses; officers; liability
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If the officers and directors of an assessment association fail or refuse, after receiving notice of a loss, to act upon the notice of loss, they shall render themselves individually liable therefor, and an action may be maintained against them to collect such amount.
Source
- Laws 1913, c. 154, § 130, p. 464;
- R.S.1913, § 3267;
- Laws 1919, c. 190, tit. V, art. X, § 7, p. 645;
- C.S.1922, § 7866;
- C.S.1929, § 44-907;
- R.S.1943, § 44-808;
- Laws 1989, LB 92, § 164.
Terms Used In Nebraska Statutes 44-808
- Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
- Assessment association: shall mean a company that meets its losses and expenses from assessment levied upon its members. See Nebraska Statutes 44-103