NEGOTIABLE INSTRUMENTS

Neb. Rev. Stat. ch. 62

in effect

Neb. Rev. Stat. § 62-301 Holidays, enumerated; federal holiday schedule observed; exceptions; bank holidays.

62-301. Holidays, enumerated; federal holiday schedule observed; exceptions; bank holidays. (1) For the purposes of the Uniform Commercial Code and section 62-301.01, the following days shall be holidays: New Year's Day, January 1; Birthday of Martin Luther King, Jr., the third Monday in January; President's Day, the third Monday in February; Arbor Day, the last Friday in April; Memorial Day, the last Monday in May; Juneteenth National Independence Day, June 19; Independence Day, July 4; Labor Day, the first Monday in September; Indigenous Peoples' Day and Columbus Day, the second Monday in October; Veterans Day, November 11, and the federally recognized holiday therefor, or either of them; Thanksgiving Day, the fourth Thursday in November; the day after Thanksgiving; and Christmas Day, December 25. If any such holiday falls on Sunday, the following Monday shall be a holiday. If the date designated by the state for observance of any legal holiday enumerated in this section, except Veterans Day, is different from the date of observance of such holiday pursuant to a federal holiday schedule, the federal holiday schedule shall be observed. (2) Any bank doing business in this state may, by a brief written notice at, on, or near its front door, fully dispense with or restrict, to such extent as it may determine, the hours within which it will be open for business. (3) Any bank may close on Saturday if it states such fact by a brief written notice at, on, or near its front door. When such bank will, in observance of such a notice, not be open for general business, such day shall, with respect to the particular bank, be the equivalent of a holiday as fully as if such day were listed in subsection (1) of this section, and any act authorized, required, or permitted to be performed at, by, or with respect to such bank which will, in observance of such notice, not be open for general business, acting in its own behalf or in any capacity whatever, may be performed on the next succeeding business day and no liability or loss of rights on the part of any person shall result from such delay. (4) Any bank which, by the notice provided for by subsection (3) of this section, has created the holiday for such bank may, without destroying the legal effect of the holiday for it and solely for the convenience of its customers, remain open all or part of such day in a limited fashion by treating every transaction with its customers on such day as though the transaction had taken place immediately upon the opening of such bank on the first following business day. (5) Whenever the word bank is used in this section it includes building and loan association, savings and loan association, credit union, savings bank, trust company, investment company, and any other type of financial institution. Laws 1905, c. 83, art. 18, § 195, p. 434; Laws 1911, c. 69, § 1, p. 306; R.S.1913, § 5512; Laws 1915, c. 98, § 1, p. 241; Laws 1921, c. 186, § 1, p. 698; C.S.1922, § 4805; C.S.1929, § 62-1706; Laws 1941, c. 187, § 1, p. 755; C.S.Supp.,1941, § 62-1706; R.S.1943, § 62-301; Laws 1945, c. 252, § 1, p. 789; Laws 1951, c. 204, § 1, p. 761; Laws 1953, c. 224, § 1, p. 790; Laws 1967, c. 395, § 1, p. 1239; Laws 1969, c. 844, § 2, p. 3180; Laws 1973, LB 34, § 2; Laws 1974, LB 729, § 1; Laws 1975, LB 218, § 2; Laws 1978, LB 855, § 2; Laws 1986, LB 825, § 1; Laws 1988, LB 909, § 2; Laws 2002, LB 1094, § 14; Laws 2003, LB 131, § 32; Laws 2020, LB848, § 9; Laws 2022, LB29, § 2; Laws 2022, LB707, § 43.

Neb. Rev. Stat. § 62-301.01 Holidays; transactions with bank; validity.

62-301.01. Holidays; transactions with bank; validity. Nothing in any law of this state shall in any manner affect the validity of, or render void or voidable any transaction by a bank in this state because done or performed during any time other than regular banking hours; Provided, that nothing herein shall be construed to compel any bank in this state which by law or custom is entitled to close at a fixed hour on any day or for the whole or any part of any holiday, to keep open for the transaction of business on any day after such hour, or on any holiday, except at its own option. Laws 1951, c. 204, § 2, p. 762.

Neb. Rev. Stat. § 62-302 Note for patent right; requirements; rights of subsequent parties.

62-302. Note for patent right; requirements; rights of subsequent parties. A promissory note or other negotiable instrument, the consideration for which consists, in whole or in part, of the right to make, use or vend a patented invention, or an invention claimed to be patented, shall have written or printed prominently and legibly across the face thereof, and above the signature thereto, the words given for a patent right. Such instrument in the hands of any purchaser or holder shall be subject to the same defenses as it would be in the hands of the original owner or holder, and any person who purchases or becomes the holder of a promissory note or other negotiable instrument, knowing it to have been given for the consideration aforesaid, shall hold the same subject to such defenses, although the words given for a patent right are not written or printed upon its face. Laws 1905, c. 83, art. 19, § 196, p. 434; R.S.1913, § 5513; C.S.1922, § 4806; C.S.1929, § 62-1707; R.S.1943, § 62-302.

Neb. Rev. Stat. § 62-303 Tuition notes or contracts of business colleges; requirements; limitation upon negotiation.

62-303. Tuition notes or contracts of business colleges; requirements; limitation upon negotiation. It shall be unlawful for any proprietor, officer, agent or representative of any business college, or the business or commercial department of any school doing business within the State of Nebraska, or without the state when operating or soliciting within the state, to contract for or receive for tuition or scholarship a negotiable note or negotiable contract, unless such negotiable note or notes or negotiable contract shall have printed in red ink prominently and legibly and in twenty-four point bold type diagonally across the face thereof, and above the signatures thereto, the words negotiable note given for tuition if a note, or the words negotiable contract note given for tuition and scholarship, if a contract, and unless a copy of said instrument shall be delivered to the makers thereof at the time of signing the same. It shall be unlawful for any such proprietor, agent or representative of any such school or department to sell or dispose of any such negotiable note or negotiable contract note, received in payment for tuition or scholarship, prior to three days from the entrance and personal registration of the student, for whom the same was purchased, in the matriculation register at the place of the location of the school or department. Laws 1915, c. 220, § 1, p. 489; C.S.1922, § 4807; C.S.1929, § 62-1708; R.S.1943, § 62-303; Laws 1947, c. 212, § 1, p. 693.

Neb. Rev. Stat. § 62-304 Violations; penalty.

62-304. Violations; penalty. Any person who shall violate any of the provisions of section 62-303 shall be deemed guilty of a Class III misdemeanor. Laws 1915, c. 220, § 2, p. 490; C.S.1922, § 4808; C.S.1929, § 62-1709; R.S.1943, § 62-304; Laws 1977, LB 39, § 107.

Neb. Rev. Stat. § 62-305 Tuition notes or contracts of business colleges; when void.

62-305. Tuition notes or contracts of business colleges; when void. Any note or contract taken by any business college, or the business or commercial department of any other school, or by their agents or representatives, for tuition or scholarships, without first having complied with all the provisions of section 62-303, shall be void. Laws 1915, c. 220, § 3, p. 490; C.S.1922, § 4809; C.S.1929, § 62-1710; R.S.1943, § 62-305.

Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/browse-chapters.php?chapter=62Fetched: 10/20/2026