Nebraska Statutes
§ 76-1516 — Violations; penalty; injunction; Attorney General, county attorney, duties
Nebraska·Ch. 76 Real Property
Any trust, other
than a family trust, authorized trust, or testamentary trust, violating sections 76-1507 to 76-1516 shall upon conviction be punished by a fine of
not more than fifty thousand dollars and shall divest itself of any land acquired
in violation of sections 76-1507 to 76-1516 within one year after
conviction. The courts of this state may prevent and restrain violations of
this section through the issuance of an injunction. The Attorney General or
a county attorney shall institute suits on behalf of the state to prevent
and restrain violations of sections 76-1507 to 76-1516 .
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Legislative History
Source: Laws 1981, LB 9, § 10; Laws 2011, LB160, § 2.
Nearby Sections
15
§ 76-1001
Terms, defined§ 76-1003
Trustee; qualification§ 76-1004
Successor trustee; appointment by
beneficiary; effect; substitution of trustee; recording; form§ 76-1005
Power of sale conferred on trustee§ 76-101
Terms, defined§ 76-1011.01
Sale of trust property; proceeds of sale; disposition; objecting party; attorney's fees and costs