State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter60 > 60-520

60-520. Judgments; paymentssufficient to satisfy requirements.Judgmentsin excess of the amounts specified in subdivision (11) ofsection 60-501 shall, for the purpose of theMotor Vehicle Safety Responsibility Act only, be deemed satisfiedwhen payments in the amounts so specified have been credited thereon. Payments made in settlement of anyclaims because of bodily injury, death, orproperty damage arising from a motor vehicle accident shall be credited inreduction of the respective amounts so specified. SourceLaws 1949, c. 178, § 20, p. 492; Laws 2010, LB650, § 33.