Nebraska Statutes 57-304. Lien; enforcement by action; time
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The holder of such lien shall within two years of the filing of such lien institute an action to foreclose and enforce the lien in the manner now provided by law for the foreclosure of a construction lien or institute an action in attachment or replevin, setting forth the lienholder’s interest and right to possession thereto, in a court of competent jurisdiction in the county where such oil field equipment has been delivered, or in any county where it can be located.
Terms Used In Nebraska Statutes 57-304
- Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lien: A claim against real or personal property in satisfaction of a debt.