Nebraska Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership

State:
Multi-State
Control #:
US-OL203B
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Word; 
PDF
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Description

This office lease provision states that it is an unpermitted assignment for partners to have a change in their share of partnership ownership and thus a default under the lease. Generally, this type of change in ownership is couched in those provisions dealing with changes in share ownerships of corporations.

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FAQ

It shall be unlawful for any insurance company, association or society, or for any officer, manager, agent, or other representative thereof, to include in the sum charged or designated in any policy as the consideration for insurance, any fee, compensation, charge, or perquisite whatsoever, not specified in the policy.

A partnership is a business where two or more individuals operate the company as co-owners. Share of ownership can be split 50/50 or at any percentage, as long as the total adds up to 100%. Partnerships are relatively easy to set up.

Coverage to Dependents NE Statute 44-1614 Dependent insurance may not exceed 50% of the amount of insurance for which the employee is insured.

Any slight changes made in the relationship between partners in a partnership firm would result in the reconstitution of the firm itself. Thus, whenever a new partner is introduced or when an existing partner is being removed, a partnership firm is bound to be reconstituted.

(1) A person commits false imprisonment in the first degree if he or she knowingly restrains or abducts another person (a) under terrorizing circumstances or under circumstances which expose the person to the risk of serious bodily injury; or (b) with intent to hold him or her in a condition of involuntary servitude.

Limitations on backing vehicles. (1) The driver of a vehicle shall not back such vehicle on any roadway unless such movement can be made with safety and without interfering with other traffic. (2) The driver of a vehicle shall not back such vehicle upon any roadway or shoulder of any freeway.

Official misconduct; penalty. (1) A public servant commits official misconduct if he knowingly violates any statute or lawfully adopted rule or regulation relating to his official duties. (2) Official misconduct is a Class II misdemeanor.

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Nebraska Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership