Nebraska Statutes 72-240.25. School lands; lessee; relinquish interest; notice
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Any lessee of educational lands may, subject to the approval of the board, relinquish his interest in such lease as of the following December 31 by notice to the Board of Educational Lands and Funds on or before November 30 of that year. The notice must be in writing signed and acknowledged by the lessee, and delivered to the office of the board.
Terms Used In Nebraska Statutes 72-240.25
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Year: shall mean calendar year. See Nebraska Statutes 49-801