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.
Neb. Rev. Stat. § 44-808
Losses; officers; liability
Laws 1913, c. 154, § 130, p. 464; R.S.1913, § 3267; 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.