Can you summarize NERS 28-613?

Short Summary

This legal document, found in the Nebraska Revised Statutes under Crimes and Punishments, addresses commercial bribery and breach of duty to act disinterestedly. It states that any person who solicits, accepts, or agrees to accept any benefit as consideration for knowingly violating or agreeing to violate a duty of fidelity is committing a Class I misdemeanor. The document specifies various roles and positions that are subject to this offense, including agents, employees, trustees, guardians, fiduciaries, lawyers, physicians, accountants, appraisers, professional advisors, officers, directors, partners, members of limited liability companies, managers, participants in the direction of associations, representatives or trustees of labor organizations, employees of welfare trust funds, arbitrators, and other purportedly disinterested adjudicators or referees. Additionally, individuals who hold themselves out to the public as being engaged in the business of making disinterested selection, appraisal, or criticism of commodities, property, or services can also commit a Class I misdemeanor if they solicit, accept, or agree to accept any benefit to alter, modify, or change their selection, appraisal, or criticism. The document further states that conferring or offering to confer any benefit that would be an offense under the aforementioned provisions is also a Class I misdemeanor. The penalties for non-compliance or violation of this document’s provisions are classified as a Class I misdemeanor.

Whom does it apply to?

Any person who solicits, accepts, or agrees to accept any benefit as consideration for knowingly violating or agreeing to violate a duty of fidelity

What does it govern?

Commercial bribery and breach of duty to act disinterestedly

What are exemptions?

No exemptions are mentioned.

What are the Penalties?

Class I misdemeanor

Jurisdiction

Nebraska

Source

NERS 28-613 [https://reggi.cloud.regology.com/regulations/US-NERS/US-NERS_C_28_S_613]

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