The purpose of this memorandum is to review certain reporting and disclosure requirements, and certain restrictions that may limit the disposition of securities of the company held by its officers, directors and principal shareholders, which are imposed by the Securities Act of 1933, the Securities and Exchange Act of 1934, and the rules of the Securities and Exchange Commission thereunder. This memorandum is prepared for the management of the company and should be treated as a confidential communication between the company and its counsel.
Nebraska Limitation on Disposition of Securities Memorandum
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25-207 Actions for trespass, conversion, other torts, and frauds; exceptions. 25-208 Actions for libel, slander, malpractice, and recovery of tax.
Nebraska Criminal Statute of Limitations at a Glance Nebraska has no time limit for the state to file charges of murder, treason, arson, or forgery, but most felonies carry a three-year statute of limitations. There's an 18-month time limit for most misdemeanors.
Actions on written contracts, on foreign judgments, or to recover collateral. (1) Except as provided in subsection (2) of this section, an action upon a specialty, or any agreement, contract, or promise in writing, or foreign judgment, can only be brought within five years.
In Nebraska, the statute of limitations on debt is 5 years from the last payment made. That means that creditors cannot sue you after that 5-year statute of limitations has run out. If the agreement was verbal, then that number is reduced to 4 years.
For written contracts, the statute of limitations is five years. (Refer to §25-205.) For oral contracts, the statute of limitations is four years.
The elements of a cause of action for breach of contract are (1) the existence of a promise; (2) a breach of that promise; (3) damage; and (4) the promisee's compliance with any conditions precedent.
So, in the state of Nebraska, the statute of limitations is five years from the last payment made.