Interest; rate; when calculated by the year.

  1. Law
  2. Nebraska Revised Statutes
  3. Interest, Loans, and Debt
  4. Interest; rate; when calculated by the year.

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45-108. Interest; rate; when calculated by the year.

When in any law, or in any instrument in writing specifying a rate of interest, no period of time is mentioned for which such rate is to be calculated, it shall be deemed to be by the year.

Source

  • Laws 1879, § 9, p. 115;
  • R.S.1913, § 3354;
  • C.S.1922, § 2842;
  • C.S.1929, § 45-109;
  • R.S.1943, § 45-108.


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