Nebraska § 70-1305 Wholesale purchaser; dispute; supplier establish escrow account

Nebraska Statutes

§ 70-1305 — Wholesale purchaser; dispute; supplier establish escrow account

Nebraska § 70-1305

Ch. 70Power Districts and Corporations

This text of Nebraska § 70-1305 (Wholesale purchaser; dispute; supplier establish escrow account) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 70-1305 (2026).

Text

Upon written demand by the purchaser made at the time of the notice of dispute as provided in section  70-1304 , the supplier shall, each month, deposit the disputed portion of the monthly payment as specified by the purchaser, but not to exceed twenty percent of the total amount billed, into an escrow account, in a bank located within the county of the principal place of business of the supplier. Such deposits shall be made from the date of the demand until settlement of the dispute as provided by sections  70-1301  to  70-1329 . The escrow funds shall be invested, to the extent possible, in securities of the United States Government and the balance in other insured interest-bearing accounts of the bank.

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Upon written demand by the purchaser made at the time of the notice of dispute as provided in section 70-1304 , the supplier shall, each month, deposit the disputed portion of the monthly payment as specified by the purchaser, but not to exceed twenty percent of the total amount billed, into an escrow account, in a bank located within the county of the principal place of business of the supplier. Such deposits shall be made from the date of the demand until settlement of the dispute as provided by sections 70-1301 to 70-1329 . The escrow funds shall be invested, to the extent possible, in securities of the United States Government and the balance in other insured interest-bearing accounts of the bank.