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2020 Nebraska Revised Statutes
Chapter 49 - Law
49-14,103.03 Open account with officer; how treated.
Universal Citation: NE Code § 49-14,103.03 (2020)
49-14,103.03. Open account with officer; how treated.
(1) An open account established for the benefit of any governing body with a business in which an officer has an interest shall be deemed a contract subject to sections 49-14,103.01 to 49-14,103.06.
(2) The statement required to be filed by section 49-14,103.02 shall be filed within ten days after such account is opened. Thereafter, the person charged with keeping records for such governing body shall maintain a running account of amounts purchased on the open account.
(3) Purchases made from petty cash or a petty cash fund shall not be subject to sections 49-14,103.01 to 49-14,103.06.
Source
- Laws 1986, LB 548, § 4;
- Laws 2005, LB 242, § 50.
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