49-1408. Business with which the individual is associated or business association, defined.
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/ne/chapter-49/49-1408A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Business with which the individual is associated or business association shall mean a business:
(1)In which the individual is a partner, limited liability company member, director, or officer; or
(2)in which the individual or a member of the individual's immediate family is a stockholder of closed corporation stock worth one thousand dollars or more at fair market value or which represents more than a five percent equity interest or is a stockholder of publicly traded stock worth ten thousand dollars or more at fair market value or which represents more than ten percent equity interest. An individual who occupies a confidential professional relationship protected by law shall be exempt from this section. This section shall not apply to publicly traded stock under a trading account if the filer reports the name and address of the stockbroker.