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.
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.