Neb. Rev. Stat. §§ 69-1309

Current with changes through the 2024 First Special Legislative Session

Section 69-1309 - Owner in another state; property not presumed abandoned; when

If specific property which is subject to the provisions of sections 69-1302 and 69-1305 to 69-1308 is held for or owed or distributable to an owner whose last-known address is in another state by a holder who is subjected to the jurisdiction of that state, the specific property is not presumed abandoned in this state and subject to sections 69-1301 to 69-1329 if:

(a) It may be claimed as abandoned or escheated under the laws of such other state; and

(b) The laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when held for or owed or distributable to an owner whose last-known address is within this state by a holder who is subject to the jurisdiction of this state.

Neb. Rev. Stat. §§ 69-1309

Laws 1969, c. 611, § 9, p. 2483.