Nebraska Statutes

§ 21-1713 — Line of credit, defined

Nebraska·Ch. 21 Corporations and Other Companies
Line of credit shall mean a loan in which amounts are advanced to the borrower upon his or her request from time to time, pursuant to a preexisting contract and conditional or unconditional credit approval, and in which principal amounts repaid automatically replenish the funds available under the contract.

Free access — add to your briefcase to read the full text and ask questions with AI

Nebraska § 21-1713 (Line of credit, defined) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 1996, LB 948, § 13.

Nearby Sections

15
View on official source ↗