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.
Neb. Rev. Stat. § 69-109
Security interest; personal property; sale or transfer without consent; penalty
Applied in 4 court decisions — leading case State v. Hocutt (1981)
Most recently applied in 6 Neb. Ct. App. 233 - Paus Motor Sales, Inc. v. Western Surety Co. (December 1997)
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. …
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Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.