Nebraska § 77-1426 Assets of trust; how treated

Nebraska Statutes

§ 77-1426 — Assets of trust; how treated

Nebraska § 77-1426

Ch. 77Revenue and Taxation

This text of Nebraska § 77-1426 (Assets of trust; how treated) 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. § 77-1426 (2026).

Text

The assets of the Nebraska educational savings plan trust, including the program fund and excluding the administrative fund and the expense fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the trust and shall be held in trust for the participants and beneficiaries. No property rights in the trust shall exist in favor of the state. Assets of the trust, including the program fund, the administrative fund, and the expense fund, shall not be transferred or used by the state for any purposes other than the purposes of the trust.

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The assets of the Nebraska educational savings plan trust, including the program fund and excluding the administrative fund and the expense fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the trust and shall be held in trust for the participants and beneficiaries. No property rights in the trust shall exist in favor of the state. Assets of the trust, including the program fund, the administrative fund, and the expense fund, shall not be transferred or used by the state for any purposes other than the purposes of the trust.

Legislative History

Source: Laws 2000, LB 1003, § 13; Laws 2010, LB197, § 7; Laws 2019, LB52, § 3; R.S.1943, (2024), § 85-1813; Laws 2025, LB647, § 51. Operative Date: October 1, 2025