Nebraska § 49-1408 - Business with which the individual is associated or business association, defined.
Full text of Nebraska Revised Statutes of Nebraska § 49-1408 — Business with which the individual is associated or business association, defined., with citation guidance and answers to common questions.
§ 49-1408. Business with which the individual is associated or business association, defined.
Business with which the individual is associated or business association shall mean a business: (1) In which the individual is a partner, limited liability company member, director, or officer; or (2) in which the individual or a member of the individual's immediate family is a stockholder of closed corporation stock worth one thousand dollars or more at fair market value or which represents more than a five percent equity interest or is a stockholder of publicly traded stock worth ten thousand dollars or more at fair market value or which represents more than ten percent equity interest. An individual who occupies a confidential professional relationship protected by law shall be exempt from this section. This section shall not apply to publicly traded stock under a trading account if the filer reports the name and address of the stockbroker.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 49-1408
What does Revised Statutes of Nebraska § 49-1408 cover?
Section 49-1408 ("Business with which the individual is associated or business association, defined.") 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 § 49-1408?
A common citation format is "Revised Statutes of Nebraska § 49-1408" (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 § 49-1408 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.