Resident Agent Requirement in NE

Thank you for you letter of July 28, 2009, which included a reference to and copy of Neb. Rev. Stat. § 60-1419. As you point out, Neb. Rev. Stat. § 60-1419 regulates the bond form referenced in NASBP’s letter of July 14. NASBP respectfully requests that that bond form, the Nebraska Motor Vehicle Auction Dealer bond form, which apparently was last revised in 1984, be revised to omit the adjective “resident” modifying the word “agent.” Neb. Rev. Stat. § 60-1419 makes very clear that any registered agent, regardless whether that agent is a resident or non-resident registered agent, complies with the dictates of Neb. Rev. Stat. § 60-1419. To that end, the bond form must be corrected so that “resident” is replaced with “registered” before the word “agent” below the signature line of the bond form.

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