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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) Commodity shall mean, except as otherwise specified by the director by rule, regulation, or order:
(a) Any agricultural, grain, or livestock product or byproduct;
(b) Any metal or mineral, including a precious metal;
(c) Any gem or gemstone, whether characterized as precious, semi-precious, or otherwise;
(d) Any fuel, whether liquid, gaseous, or otherwise;
(e) Any foreign currency; and
(f) All other goods, articles, products, or items of any kind.
(2) Commodity shall not include:
(a) A numismatic coin, the fair market value of which is at least fifteen percent higher than the value of the metal it contains;
(b) Real property or any timber, agricultural, or livestock product grown or raised on real property and offered or sold by the owner or lessee of such real property; or
(c) Any work of art offered or sold by art dealers at public auction or offered or sold through a private sale by the owner of such work.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 8. Banks and Banking § 8-1705. Commodity, defined - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-8-banks-and-banking/ne-rev-st-sect-8-1705/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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