2014 Nebraska Revised Statutes
Chapter 52 - LIENS
52-603 - Lien; how satisfied; sale.


NE Code § 52-603 (2014) What's This?

52-603. Lien; how satisfied; sale.

In accordance with the terms of the notice given as provided by section 52-601.01, a sale of the goods for reasonable value may be had to satisfy any valid claim of the claimant for which the claimant has a lien on the goods. Such sale shall extinguish any lien or security interest in the goods of a lienholder or security interest holder to which notice of sale was mailed pursuant to section 52-601.01.

Source

    Laws 1923, c. 118, § 3, p. 281;
    C.S.1929, § 52-603;
    R.S.1943, § 52-603;
    Laws 1974, LB 960, § 2;
    Laws 2014, LB851, § 2.
    Operative Date: July 18, 2014


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