Liens upon real estate; acquisition of such real estate; duty to sell within ten years.

1. Law
2. Nebraska Revised Statutes
3. Real Property
4. Liens upon real estate; acquisition of such real estate; duty to sell within ten years.

76-411. Liens upon real estate; acquisition of such real estate; duty to sell within ten years.

The statutes of Nebraska shall not prevent the holders, whether aliens or corporations not organized under the laws of the State of Nebraska, of liens upon real estate or any interest therein, from holding or taking valid title to the real estate subject to such liens, nor shall it prevent any such alien or corporation from enforcing any lien or judgment for any debt or liability, nor from becoming a purchaser at any sale made for the purpose of collecting or enforcing the collection of such debt or judgment; Provided, however, all lands so acquired shall be sold within ten years after the title thereto shall be perfected in such alien or foreign corporation, and in default of such sale within such time, such real estate shall revert and escheat to the State of Nebraska.

Source

• Laws 1889, c. 58, § 4, p. 485;
• R.S.1913, § 6276;
• Laws 1919, c. 136, § 1, p. 313;
• Laws 1921, c. 142, § 3, p. 609;
• C.S.1922, § 5690;
• C.S.1929, § 76-505;
• Laws 1931, c. 128, § 1, p. 361;
• C.S.Supp.,1941, § 76-505;
• R.S.1943, § 76-411.

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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