Nebraska Statutes 44-3814. Certificate of authority; issuance; when
The director shall issue a certificate of authority to a corporation organized under sections 44-3801 to 44-3826 if:
Terms Used In Nebraska Statutes 44-3814
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Director: shall mean the Director of Insurance. See Nebraska Statutes 44-103
(1) The director finds that all requirements of law have been met;
(2) The director is satisfied that all natural persons who are incorporators, the directors and principal officers of corporate incorporators, and the proposed directors and officers of the corporation being formed are trustworthy, competent, and collectively have the competence and experience to offer the particular plans proposed; and
(3) The director is satisfied that the plan is consistent with the interest of the persons to be served and the public.