Nebraska Statutes
§ 76-3109 — Private transfer fee obligation; how treated
Nebraska·Ch. 76 Real Property
A
private transfer fee obligation recorded or entered into in this state on
or after March 11, 2011, does not run with the title to real property and
is not binding on or enforceable at law or in equity against any subsequent
owner, purchaser, mortgagee, or trustee of any interest in real property as
an equitable servitude or otherwise. Any private transfer fee obligation that
is recorded or entered into in this state on or after March 11, 2011, is void
and unenforceable. This section shall not be construed to mean that a private
transfer fee obligation recorded or entered into in this state before March
11, 2011, is presumed valid and enforceable.
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Legislative History
Source: Laws 2011, LB26, § 9.
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