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.
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