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Domestic company; capital stock; retirement not to constitute sale, when; reinsurance or consolidation; effect.

Neb. Rev. Stat. § 44-320.01
in effect
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44-320.01. Domestic company; capital stock; retirement not to constitute sale, when; reinsurance or consolidation; effect. Retirement of the capital stock of a domestic stock insurance company and the payment to the holders of such stock of its value under a plan for the mutualization of such company shall not constitute a sale of such stock within the prohibition of section 44-320; nor shall a contract to reinsure or assume the risks and business of another insurance company through reinsurance or consolidation as provided for by sections 44-224.01 to 44-224.10, be deemed to be either a sale or purchase of property within the prohibition of section 44-320. Laws 1953, c. 149, § 1(2), p. 477; Laws 1959, c. 198, § 2, p. 706.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/statutes.php?statute=44-320.01Fetched: 10/20/2026

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