Nebraska § 60-141 - Dealer; inventory; certificates required; when.
Full text of Nebraska Revised Statutes of Nebraska § 60-141 — Dealer; inventory; certificates required; when., with citation guidance and answers to common questions.
§ 60-141. Dealer; inventory; certificates required; when.
A dealer need not apply for certificates of title for any vehicles in stock or acquired for stock purposes, but upon transfer of such vehicle in stock or acquired for stock purposes, the dealer shall give the transferee a reassignment of the certificate of title on such vehicle or an assignment of a manufacturer's or importer's certificate. If all reassignments on the manufacturer's or importer's certificate have been used, the dealer may attach a dealer assignment form prescribed by the department prior to any subsequent transfer. If all reassignments on the dealer assignment form or the certificate of title have been used, the dealer shall obtain title in the dealer's name prior to any subsequent transfer. No dealer shall execute a reassignment on or transfer ownership by way of a manufacturer's statement of origin unless the dealer is franchised by the manufacturer of the vehicle.
Purchasers, other than dealers, must acquire certificate of title. State Farm Mutual Auto Ins. Co. v. Drawbaugh, 159 Neb. 149, 65 N.W.2d 542 (1954).
Concluding proviso does not exempt dealer from having mortgage lien noted on certificate of title. Bank of Keystone v. Kayton, 155 Neb. 79, 50 N.W.2d 511 (1951).
A motor vehicle mortgage lien, not shown on certificate of title, is not valid against subsequent holder of mortgage lien shown on the certificate. Securities Credit Corp. v. Pindell, 153 Neb. 298, 44 N.W.2d 501 (1950).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 60-141
What does Revised Statutes of Nebraska § 60-141 cover?
Section 60-141 ("Dealer; inventory; certificates required; when.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 60-141?
A common citation format is "Revised Statutes of Nebraska § 60-141" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 60-141 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.