Nebraska § 40-112 Indivisible homestead; sale; proceeds; disposition

Nebraska Statutes

§ 40-112 — Indivisible homestead; sale; proceeds; disposition

Nebraska·Ch. 40 Homesteads

If the sale is made, the proceeds thereof, to the amount of the homestead exemption, must be paid to the claimant, and the balance applied to the satisfaction of the execution.

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Legislative History

Source: Laws 1879, § 12, p. 60; R.S.1913, § 3087; C.S.1922, § 2827; C.S.1929, § 40-112; R.S.1943, § 40-112. Annotations: Sheriff's deed on execution sale of homestead passes title to purchaser, where homestead interest is extinguished by mortgage thereof. Hess v. Eselin, 110 Neb. 590, 194 N.W. 469 (1923).