Installment loans; power of attorney and instruments with blanks prohibited.

  1. Law
  2. Nebraska Revised Statutes
  3. Interest, Loans, and Debt
  4. Installment loans; power of attorney and instruments with blanks prohibited.

Checkout our iOS App for a better way to browser and research.

45-1029. Installment loans; power of attorney and instruments with blanks prohibited.

No licensee shall take a power of attorney, or any instrument signed by an attorney in fact and not personally, or any instrument signed in which blanks are left to be filled after execution.

Source

  • Laws 1941, c. 90, § 18, p. 352;
  • C.S.Supp.,1941, § 45-146;
  • Laws 1943, c. 107, § 5, p. 373;
  • R.S.1943, § 45-143;
  • R.S.1943, (1998), § 45-143;
  • Laws 2001, LB 53, § 57.

Annotations

  • This section, being special statute relating to a specific subject, is controlling rather than Negotiable Instruments Act as to filling in blanks. State ex rel. Beck v. Associates Discount Corp., 168 Neb. 298, 96 N.W.2d 55 (1959).

  • Taking purchaser's statement in blank was a violation of act. Curtis v. Securities Acceptance Corp., 166 Neb. 815, 91 N.W.2d 19 (1958).

  • All blank spaces in power of attorney must be filled in before execution. State ex rel. Beck v. Associates Discount Corp., 162 Neb. 683, 77 N.W.2d 215 (1956).


Download our app to see the most-to-date content.