Statutes, codes, and regulations
Nebraska Administrative Code
MOTOR VEHICLES, DEPARTMENT OFTitle 247 - NEBRASKA ADMINISTRATIVE CODE, NEBRASKA DEPARTMENT OF MOTOR VEHICLES
Chapter 3 - RULES AND REGULATIONS FOR THE DESIGNATION AND DISPOSITION OF ABANDONED VEHICLES PURSUANT TO NEB. REV. STAT. SECTIONS 60-1901 THROUGH 60-1911
Section 247-3-007 - DISPOSITION OF PROCEEDS

247 Neb. Admin. Code, ch. 3, § 007

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Current through September 17, 2024
Section 247-3-007 - DISPOSITION OF PROCEEDS
007.01Proceeds From Sale or Auction of Vehicle.

The proceeds from any sale or auction of a vehicle pursuant to these rules and regulations, less towing, storage, and sale expenses, shall be held without interest for the benefit of the registered owner(s) or lienholder(s) for a period of two years following the date of sale or auction.

007.02Unclaimed Proceeds.

If the proceeds are not claimed within the two-year period, they shall be paid into the State General Fund or General Fund of the county, city or village.

247 Neb. Admin. Code, ch. 3, § 007