Nebraska Statutes 76-2,101. Reverter or rights of entry; dissolution of corporation; ceases and determines
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When a corporation is dissolved or ceases to exist, any possibility of reverter and any right of entry or reentry for breach of condition subsequent heretofore or hereafter reserved by or to the corporation and affecting land in this state ceases and determines.
Source
- Laws 1959, c. 350, § 3, p. 1237.
Terms Used In Nebraska Statutes 76-2,101
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801