Nebraska Legislature Authorizes Review of Nebraska Securities Act

By M. Tom Langan, II

The Nebraska Legislature recently passed a resolution calling for a study on whether the Securities Act of Nebraska should be updated. The resolution, LR 431, calls for a Banking, Commerce and Insurance Committee to be created to conduct the study.  No other parameters for the study have been provided; however, it could be an indication that the Legislature is considering adopting a version of the Uniform Securities Act of 2002 which has been adopted by at least 14 other states.

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