§ 12-1101 Act, how cited
§ 12-1102 Terms, defined
§ 12-1103 Pre-need sale; proceeds; trust requirements
§ 12-1104 Proceeds of sale; trust requirements; exclusions
§ 12-1105 Pre-need seller; records required
§ 12-1106 Pre-need purchaser; designate irrevocable funds
§ 12-1107 Trustees; acceptance of funds; conditions;powers
§ 12-1108 Pre-need seller; license required; application; requirements; fee; renewal; records
§ 12-1109 Rules and regulations
§ 12-1110 Pre-need seller; report; requirements; fee
§ 12-1111 Contracts; requirements; provisions
§ 12-1112 Act; when applicable
§ 12-1113 Trust funds; distributions; conditions; accumulation
§ 12-1114 Pre-need seller; trust funds; retain cost-of-living amount
§ 12-1115 Pre-need sales agent; license required; fee; failure to surrender license; penalty
§ 12-1116 Licenses; disciplinary actions; grounds;notice; administrative fine
§ 12-1117 Licenses; surrender; effect; reinstatement
§ 12-1118 Violations; penalty
§ 12-1119 Violations; action to enjoin
§ 12-1120 Pre-need seller; failure to perform obligations; director; powers
§ 12-1121 Trust; validity

Terms Used In Nebraska Statutes > Burial Pre-Need Sale Act

  • Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Bequest: Property gifted by will.
  • Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Irrevocable trust: A trust arrangement that cannot be revoked, rescinded, or repealed by the grantor.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
  • Personal property: All property that is not real property.
  • Process: shall mean a summons, subpoena, or notice to appear issued out of a court in the course of judicial proceedings. See Nebraska Statutes 49-801
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • 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
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.
  • Year: shall mean calendar year. See Nebraska Statutes 49-801