Nebraska Statutes 76-109. Property not in possession of conveyor; conveyance effective
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Any act which would be effective as a conveyance inter vivos or as a mortgage or as a testamentary disposition of property when the land or thing other than land is in the possession of the conveyor, is effective as a conveyance of the conveyor’s interest therein, when the land or thing other than land is out of the conveyor’s possession whether adversely held or not.
Source
- Laws 1941, c. 153, § 9, p. 596;
- C.S.Supp.,1941, § 76-1009;
- R.S.1943, § 76-109.
Terms Used In Nebraska Statutes 76-109
- Inter vivos: Transfer of property from one living person to another living person.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.