{"data":{"id":"us-ne/neb.-u.c.c.-8-103","jurisdiction":"us-ne","citation":"Neb. U.C.C. § 8-103","heading":"Rules for determining whether certain obligations and interests are securities or financial assets.","body":"(a) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.\n(b) An \"investment company security\" is a security. \"Investment company security\" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.\n(c) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this article, or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.\n(d) A writing that is a security certificate is governed by this article and not by article 3, even though it also meets the requirements of that article. However, a negotiable instrument governed by article 3 is a financial asset if it is held in a securities account.\n(e) An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.\n(f) A commodity contract, as defined in section 9-102(a)(15), is not a security or a financial asset.\n(g) A document of title is not a financial asset unless section 8-102(a)(9)(iii) applies.\n(h) A controllable account, controllable electronic record, or controllable payment intangible is not a financial asset unless section 8-102(a)(9)(iii) applies.","path":["Uniform Commercial Code","Article 8"],"source_url":"https://nebraskalegislature.gov/laws/ucc.php?code=8-103","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:12Z","sha256":"5e82ff0bcb322af3002a65ff6a0534e3478e2c6a69c361b839b4505a0d310fd1","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-u.c.c.-8-102","next":"us-ne/neb.-u.c.c.-8-104"},"notice":"GroundRules: Original legal text. Not legal advice."}