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2019 Nebraska Revised Statutes
Chapter 45 - INTEREST, LOANS, AND DEBT
45-108 Interest; rate; when calculated by the year.
Universal Citation: NE Code § 45-108 (2019)
45-108. Interest; rate; when calculated by the year.
When in any law, or in any instrument in writing specifying a rate of interest, no period of time is mentioned for which such rate is to be calculated, it shall be deemed to be by the year.
Source
- Laws 1879, § 9, p. 115;
- R.S.1913, § 3354;
- C.S.1922, § 2842;
- C.S.1929, § 45-109;
- R.S.1943, § 45-108.
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