The Uniform Assignment for Benefit of Creditors Act applies to an assignment made by an assignor that is:

1. (1) an organization whose principal place of business is in this state;
2. (2) an organization whose internal affairs are governed by other law of this state;
3. (3) an individual whose principal residence is in this state;
4. (4) an organization wholly owned, directly or indirectly, by an assignor that satisfies subdivision (1), (2), or (3) of this section; or

5. (5) an organization that:

   1. (A) is partly owned, directly or indirectly, and controlled by an assignor that satisfies subdivision (1), (2), or (3) of this section;
   2. (B) has no place of business or employees; and
   3. (C) relies on the services the organization receives from an assignor that satisfies subdivision (1), (2), or (3) of this section.

Source: Laws 2026, LB783, § 3. Effective Date: July 18, 2026