Nebraska Statutes 69-109. Security interest; personal property; sale or transfer without consent; penalty
Current as of: 2023 | Check for updates
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Any person who, after having created any security interest in any article of personal property, either presently owned or after-acquired, for the benefit of another, shall, during the existence of the security interest, sell, transfer, or in any manner dispose of the said personal property, or any part thereof so given as security, to any person or body corporate, without first procuring the consent, in writing, of the owner and holder of the security interest, to any such sale, transfer or disposal, shall be deemed guilty of a Class IV felony.
Source
- Laws 1867, § 9, p. 11;
- Laws 1877, § 1, p. 5;
- Laws 1889, c. 35, § 1, p. 386;
- R.S.1913, § 534;
- C.S.1922, § 425;
- C.S.1929, § 69-109;
- R.S.1943, § 69-109;
- Laws 1969, c. 543, § 1, p. 2194;
- Laws 1971, LB 961, § 1;
- Laws 1977, LB 39, § 128.
Attorney's Note
Under the Nebraska Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class IV felony | up to 2 years | up to $10,000 |
Terms Used In Nebraska Statutes 69-109
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- Personal property: All property that is not real property.