Nebraska § 69-1305 - Stock, shareholding, or other intangible ownership interest; presumed abandoned; when.
Full text of Nebraska Revised Statutes of Nebraska § 69-1305 — Stock, shareholding, or other intangible ownership interest; presumed abandoned; when., with citation guidance and answers to common questions.
§ 69-1305. Stock, shareholding, or other intangible ownership interest; presumed abandoned; when.
(a) Any stock, shareholding, or other intangible ownership interest in a business association, the existence of which is evidenced by records available to the association, is presumed abandoned and, with respect to the interest, the association is the holder, if:
(1) The interest in the association is owned by a person who for more than five years has not claimed a dividend, distribution, or other sum payable as a result of the interest or has not communicated with the association regarding the interest or a dividend, distribution, or other sum payable as a result of the interest, as evidenced by a memorandum or other record on file with the association prepared by an employee of the association; and
(2) The association does not know the location of the owner at the end of the five-year period.
(b) The return of official shareholder notifications or communications by the postal service as undeliverable shall be evidence that the association does not know the location of the owner.
(c) The Uniform Disposition of Unclaimed Property Act shall be applicable to both the underlying stock, shareholdings, or other intangible ownership interests of an owner, and any stock, shareholdings, or other intangible ownership interest of which the business association is in possession of the certificate or other evidence or indicia of ownership, and to the stock, shareholdings, or other intangible ownership interests of dividend- and non-dividend-paying business associations whether or not the interest is represented by a certificate.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 69-1305
What does Revised Statutes of Nebraska § 69-1305 cover?
Section 69-1305 ("Stock, shareholding, or other intangible ownership interest; presumed abandoned; 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 § 69-1305?
A common citation format is "Revised Statutes of Nebraska § 69-1305" (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 § 69-1305 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.