{"data":{"id":"us-ne/neb.-u.c.c.-9-205","jurisdiction":"us-ne","citation":"Neb. U.C.C. § 9-205","heading":"Use or disposition of collateral permissible.","body":"(a) A security interest is not invalid or fraudulent against creditors solely because:\n(1) the debtor has the right or ability to:\n(A) use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods;\n(B) collect, compromise, enforce, or otherwise deal with collateral;\n(C) accept the return of collateral or make repossessions; or\n(D) use, commingle, or dispose of proceeds; or\n(2) the secured party fails to require the debtor to account for proceeds or replace collateral.\n(b) This section does not relax the requirements of possession if attachment, perfection, or enforcement of a security interest depends upon possession of the collateral by the secured party.","path":["Uniform Commercial Code","Article 9"],"source_url":"https://nebraskalegislature.gov/laws/ucc.php?code=9-205","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:12Z","sha256":"cd511ea4ffcd78fbb19a4134c246b532ba3cc1b4390cc86c3a07e2a87a45e5e9","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-u.c.c.-9-204","next":"us-ne/neb.-u.c.c.-9-206"},"notice":"GroundRules: Original legal text. Not legal advice."}