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legal-2026.07.26-907

  1. Provision text match · United States — Nebraska · en

    § 44-6125. Domestic mutual insurer; foreign insurer; transfer domicile; reorganization authorized; effect; holding company; treatment.

    unknown Act or statute Document — § 44-6125. Domestic mutual insurer; foreign insurer; transfer domicile; reorganization authorized; effect; holding company; treatment.

    § 44-6125. Domestic mutual insurer; foreign insurer; transfer domicile; reorganization authorized; effect; holding company; treatment.

    (1) A domestic mutual insurer, upon approval of the director, may reorganize (a) by forming a mutual insurance holding company, (b) by merging its policyholders' membership interests into the mutual insurance holding company, and (c) by continuing the mutual insurer's corporate existence as a stock insurer subsidiary of the mutual insurance holding company.

    Topics: domicile transfer, holding companies, mutual insurer reorganization

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  2. Provision text match · United States — Nebraska · en

    § 21-182. Effect of domestication.

    unknown Act or statute Document — § 21-182. Effect of domestication.

    § 21-182. Effect of domestication.

    (RULLCA 1013) (a) When a domestication takes effect: (1) the domesticated company is for all purposes the company that existed before the domestication; (2) all property owned by the domesticating company remains vested in the domesticated company; (3) all debts, obligations, or other liabilities of the domesticating company continue as debts, obligations, o

    Topics: domestication, filing, foreign jurisdiction

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  3. Provision text match · United States — Nebraska · en

    § 8-2302. Terms, defined.

    unknown Act or statute Document — § 8-2302. Terms, defined.

    § 8-2302. Terms, defined.

    For purposes of the Interstate Trust Company Office Act, unless the context otherwise requires: (1) Branch trust office means an office of a trust company, other than the main or principal office of a trust company, at which a trust company may act in any fiduciary capacity or conduct any activity permitted under the Nebraska Trust Company Act; (2) Departmen

    Topics: definitions, fiduciary services

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  4. Provision text match · United States — Nebraska · en

    § 44-6143. Expansion of business; activities authorized; requirements.

    unknown Act or statute Document — § 44-6143. Expansion of business; activities authorized; requirements.

    § 44-6143. Expansion of business; activities authorized; requirements.

    (1) A mutual insurance holding company or an intermediate stock holding company may engage in actions and activities related to expanding the business of any company into other insurance, insurance-related, and financial services businesses. Any such expansion may be accomplished through acquisition, merger, consolidation, strategic alliance, joint venture,

    Topics: acquisition, business expansion, consolidation, merger

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  5. Provision text match · United States — Nebraska · en

    § 21-520. Limitations on liability.

    unknown Act or statute Document — § 21-520. Limitations on liability.

    § 21-520. Limitations on liability.

    y, by way of contribution or otherwise, for a debt, obligation, or other liability of: (1) a protected series of a series limited liability company solely by reason of being or acting as: (A) an associated member, protected-series manager, or protected-series transferee of the protected series; or (B) a member, manager, or a transferee of the company; or (2)

    Topics: limited liability company, protected series, series LLC

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  6. Provision text match · United States — Nebraska · en

    § 21-515. Associated asset.

    unknown Act or statute Document — § 21-515. Associated asset.

    § 21-515. Associated asset.

    (a) Only an asset of a protected series may be an associated asset of the protected series. Only an asset of a series limited liability company may be an associated asset of the company. (b) An asset of a protected series of a series limited liability company is an associated asset of the protected series only if the protected series creates and maintains re

    Topics: asset classification, recordkeeping, series limited liability companies

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  7. Provision text match · United States — Nebraska · en

    § 21-138. Standards of conduct for members and managers.

    unknown Act or statute Document — § 21-138. Standards of conduct for members and managers.

    § 21-138. Standards of conduct for members and managers.

    (RULLCA 409) (a) A member of a member-managed limited liability company owes to the company and, subject to subsection (b) of section 21-164, the other members the fiduciary duties of loyalty and care stated in subsections (b) and (c) of this section. (b) The duty of loyalty of a member in a member-managed limited liability company includes the duties: (1) t

    Topics: good faith, governance, manager duties, member duties

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  8. Provision text match · United States — Nebraska · en

    § 21-136. Management of limited liability company.

    unknown Act or statute Document — § 21-136. Management of limited liability company.

    § 21-136. Management of limited liability company.

    (RULLCA 407) (a) A limited liability company is a member-managed limited liability company unless the operating agreement: (1) expressly provides that: (A) the company is or will be manager-managed; (B) the company is or will be managed by managers; or (C) management of the company is or will be vested in managers; or (2) includes words of similar import. (b

    Topics: company management, dissolution, manager authority, member remuneration

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  9. Provision text match · United States — Nebraska · en

    § 21-512. Service of process, notice, demand, or other record.

    unknown Notice Document — § 21-512. Service of process, notice, demand, or other record.

    § 21-512. Service of process, notice, demand, or other record.

    (a) A protected series of a series limited liability company may be served with a process, notice, demand, or other record required or permitted by law by: (1) serving the company; (2) serving the registered agent of the protected series; or (3) other means authorized by law of this state other than the Nebraska Uniform Limited Liability Company Act. (b) Ser

    Topics: notice, registered agent, service of process

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  10. Provision text match · United States — Nebraska · en

    § 21-535. Governing law.

    unknown Act or statute Document — § 21-535. Governing law.

    § 21-535. Governing law.

    The law of the jurisdiction of formation of a foreign series limited liability company governs: (1) the internal affairs of a foreign protected series of the company, including: (A) relations among any associated members of the foreign protected series; (B) relations between the foreign protected series and: (i) any associated member; (ii) the protected-seri

    Topics: foreign limited liability companies, governance, liability allocation

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  11. Provision text match · United States — Nebraska · en

    § 21-179. Domestication.

    unknown Act or statute Document — § 21-179. Domestication.

    § 21-179. Domestication.

    (RULLCA 1010) (a) A foreign limited liability company may become a limited liability company pursuant to this section, sections 21-180 to 21-182, and a plan of domestication, if: (1) the foreign limited liability company's governing statute authorizes the domestication; (2) the domestication is not prohibited by the law of the jurisdiction that enacted the g

    Topics: domestication, entity conversion

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  12. Provision text match · United States — Nebraska · en

    § 21-148. Winding up.

    unknown Act or statute Document — § 21-148. Winding up.

    § 21-148. Winding up.

    (RULLCA 702) (a) A dissolved limited liability company shall wind up its activities, and the company continues after dissolution only for the purpose of winding up. (b) In winding up its activities, a limited liability company: (1) shall: (A) discharge the company's debts, obligations, or other liabilities, settle and close the company's activities, and mars

    Topics: dissolution, liability company, winding up

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  13. Provision text match · United States — Nebraska · en

    § 21-181. Filings required for domestication; effective date.

    unknown Act or statute Document — § 21-181. Filings required for domestication; effective date.

    § 21-181. Filings required for domestication; effective date.

    (RULLCA 1012) (a) After a plan of domestication is approved, a domesticating company shall deliver to the Secretary of State for filing articles of domestication, which must include: (1) a statement, as the case may be, that the company has been domesticated from or into another jurisdiction; (2) the name of the domesticating company and the jurisdiction of

    Topics: company registration, domestication filings

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  14. Provision text match · United States — Nebraska · en

    § 86-141. Telecommunications companies not subject to regulation; requirements.

    unknown Regulation Document — § 86-141. Telecommunications companies not subject to regulation; requirements.

    § 86-141. Telecommunications companies not subject to regulation; requirements.

    tatewide shall not be subject to rate regulation by the commission pursuant to sections 86-140 and 86-153 unless (a) the telecommunications company elects by action of its board of directors to be subject to such rate regulation by the commission, (b) the proposed rate increase exceeds thirty percent in any one year, (c) five percent of the subscribers petit

    Topics: customer notice, rate regulation, subscriber petitions

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  15. Provision text match · United States — Nebraska · en

    § 21-139. Right of members, managers, and dissociated members to information.

    unknown Act or statute Document — § 21-139. Right of members, managers, and dissociated members to information.

    § 21-139. Right of members, managers, and dissociated members to information.

    (RULLCA 410) (a) In a member-managed limited liability company, the following rules apply: (1) On reasonable notice, a member may inspect and copy during regular business hours, at a reasonable location specified by the company, any record maintained by the company regarding the company's activities, financial condition, and other circumstances, to the exten

    Topics: confidentiality restrictions, member information rights, record inspection

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  16. Provision text match · United States — Nebraska · en

    § 21-505. Governing law.

    unknown Act or statute Document — § 21-505. Governing law.

    § 21-505. Governing law.

    The law of this state governs: (1) the internal affairs of a protected series of a series limited liability company, including: (A) relations among any associated members of the protected series; (B) relations among the protected series and: (i) any associated member; (ii) the protected-series manager; or (iii) any protected-series transferee; (C) relations

    Topics: LLC internal affairs, liability allocation, series LLC

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  17. Provision text match · United States — Nebraska · en

    § 21-116. Service of process.

    unknown Act or statute Document — § 21-116. Service of process.

    § 21-116. Service of process.

    (RULLCA 116) (a) An agent for service of process appointed by a limited liability company or foreign limited liability company is an agent of the company for service of any process, notice, or demand required or permitted by law to be served on the company. (b) If a limited liability company or foreign limited liability company does not appoint or maintain a

    Topics: notice, registered mail, service of process

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  18. Provision text match · United States — Nebraska · en

    § 8-224.01. Prohibited acts; violation; penalties; applicability.

    unknown Act or statute Document — § 8-224.01. Prohibited acts; violation; penalties; applicability.

    § 8-224.01. Prohibited acts; violation; penalties; applicability.

    ) No charge shall be allowed against an estate or trust for legal services performed by an attorney who is a salaried employee of the trust company or when a portion of the charge for legal service is retained by the trust company. Any officer or employee of the trust company causing or consenting to such division of fee for legal service shall be guilty of

    Topics: conflicts of interest, fiduciary administration, related-party lending

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  19. Provision text match · United States — Nebraska · en

    § 44-320. Domestic company; officers and directors; borrowing and sales to company prohibited; exception.

    unknown Act or statute Document — § 44-320. Domestic company; officers and directors; borrowing and sales to company prohibited; exception.

    § 44-320. Domestic company; officers and directors; borrowing and sales to company prohibited; exception.

    (1) Except as provided in subsections (2) through (6) of this section, no director or officer of any domestic insurance company shall directly or indirectly receive any money or valuable consideration for negotiating any loan for the company or for selling or aiding in the sale of any property to or by the company and no such director or officer shall direct

    Topics: loan approvals, property transactions, related-party transactions

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  20. Provision text match · United States — Nebraska · en

    § 21-1339. Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.

    unknown Act or statute Document — § 21-1339. Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.

    § 21-1339. Cooperative farm land company; investment in purchase-money mortgages by insurance companies, authorized.

    Obligations of a cooperative farm land company secured by a first mortgage on agricultural lands purchased by a cooperative farm land company shall be a lawful investment for funds of any insurance company which has conveyed real estate to the company to the full extent of the purchase price. History: Laws 1941, c. 38, § 7, p. 155; C.S.Supp.,1941, § 24-2107;

    Topics: agricultural land, investment authority

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