As used in sections 69-1201 to 69-1217, unless the context otherwise requires:

Terms Used In Nebraska Statutes 69-1201

  • Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801

(1) Debt management shall mean the planning and management of the financial affairs of a debtor for a fee from the debtor and the receiving therefrom of money or evidences thereof for the purpose of distributing the same to his or her creditors in payment or partial payment of his or her obligations;

(2) Licensee shall mean any individual, partnership, limited liability company, unincorporated association, or corporation licensed under such sections;

(3) Secretary shall mean the Secretary of State;

(4) Debtor shall mean a wage earner whose principal income is derived from wages, salary, or commission;

(5) Office shall mean each location by street number, building number, city, and state where any person engages in debt management; and

(6) Creditor shall mean a person for whose benefit money is being collected and disbursed by licensees.

Source

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