To render an insurance policy effective by one partner, member, or part owner applicable to the interest of another partner, member, or owner, it is necessary that the terms of the policy should be such as are applicable to the joint, partnership, or limited liability company interest.
Neb. Rev. Stat. § 44-377
Insurance; joint, partnership, or limited liability company interest; policy terms
Laws 1913, c. 154, § 66, p. 423; R.S.1913, § 3202; Laws 1919, c. 190, tit
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.