Originally from:
Legal Aspects of Doing Business in North America - 2nd Edition - Loose leaf
Legal Aspects of Doing Business in North America - 2nd Edition - Electronic
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Nebraska
Gary F Wence
McGrath, North, Mullin & Kratz, PC
Omaha, Nebraska, United States
Introduction
Located in the central northern plains of the United States, Nebraska is a diversified
economic state with a population of approximately 1.6 million. Although historically an
agricultural state, farm employment is now exceeded by manufacturing and service
related employment. Transportation, food processing, insurance, and telecommunications
are strongly represented industries in the state.
The following outline is a general discussion of the major topics of concern for potential
foreign investment in Nebraska. The information is based on Nebraska law and data provided
by the Nebraska Department of Economic Development. This outline is designed to
present an overview of the legal environment in Nebraska along with some specific programs
that might interest the foreign investor in Nebraska. Potential investors and
businesses should consult legal counsel for further details.
Government and Court Organization
Nebraska’s state government is divided between the executive, judicial, and legislative
branches. The legislature consists of only one house and all state branches are located in
the capitol Lincoln. In addition to state government, each county and city has separate
governing bodies with rule and law making power.
The court system is, in addition to the United States federal system, divided between
municipal, county, and district courts. Civil disputes are submitted to one of these courts
based on the amount in controversy and the location of the parties involved. Non-judicial
arbitration is available in Nebraska, and the courts will defer to arbitration where stipulated
in domestic and foreign contracts or agreements.
Non-United States Individual and Corporate Ownership of Land
General Rule
Foreign individuals and corporations not incorporated in Nebraska are prohibited from
acquiring title or an interest in any Nebraska land or real estate. They are also prohibited
from acquiring any leasehold interest for a period of more than five years or any other
greater interest for a period of more than five years or any other greater interest less than
fee simple in any land, or real estate in this state by descent, devise, purchase or otherwise.
