Land acquired by devise or descent; sale within five years required.

  1. Law
  2. Nebraska Revised Statutes
  3. Real Property
  4. Land acquired by devise or descent; sale within five years required.

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76-405. Land acquired by devise or descent; sale within five years required.

Any resident alien may acquire title to lands in this state by devise or descent only, provided such alien shall be required to sell and convey said real property within five years from the date of acquiring it, and if he shall fail to dispose of it to a bona fide purchaser for value within that time, it shall revert and escheat to the State of Nebraska.

Source

  • Laws 1921, c. 142, § 1, p. 608;
  • C.S.1922, § 5687;
  • C.S.1929, § 76-502;
  • Laws 1939, c. 97, § 1, p. 417;
  • C.S.Supp.,1941, § 76-502;
  • R.S.1943, § 76-405.

Annotations

  • Sections governing escheat must be construed together and effect given to each if possible. Semrad v. Semrad, 170 Neb. 911, 104 N.W.2d 338 (1960).


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