Nebraska Statutes 59-1714. Ongoing business, defined
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Ongoing business shall mean one which for at least six months previous to the sale:
Terms Used In Nebraska Statutes 59-1714
- Equipment: shall mean machines, all electrical devices, video or audio devices, molds, display racks, vending machines, coin-operated game machines, machines which dispense products, and display units of all kinds. See Nebraska Statutes 59-1707
- Ongoing business: shall mean one which for at least six months previous to the sale:
(1) Has been operated from a specific given location. See Nebraska Statutes 59-1714
- Supplies: shall mean any and all materials used to produce, grow, breed, or make any product or item. See Nebraska Statutes 59-1708
(1) Has been operated from a specific given location;
(2) Has been open for business to the general public; and
(3) Has had all equipment and supplies necessary for operating the business located at the specific given location.