Nebraska § 12-702 - Conveyed lots; reversion; sale authorized; proceeds; disposition.
Full text of Nebraska Revised Statutes of Nebraska § 12-702 — Conveyed lots; reversion; sale authorized; proceeds; disposition., with citation guidance and answers to common questions.
§ 12-702. Conveyed lots; reversion; sale authorized; proceeds; disposition.
A county, city, or village that is the reversionary owner of a lot, part of a lot, lots, or parts of lots pursuant to section 12-701 may sell the same and convey title to such lots or parts of lots. Any funds realized from the sale of such lot, part of lot, lots, or parts of lots shall constitute a fund to be used solely for the care and upkeep of the used portion of such lot, part of lot, lots, or parts of lots and for the general maintenance of such cemetery. Such funds may be invested as long as such investor acts as a fiduciary and complies with the prudent investor rule set forth in sections 30-3883 to 30-3889.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 12-702
What does Revised Statutes of Nebraska § 12-702 cover?
Section 12-702 ("Conveyed lots; reversion; sale authorized; proceeds; disposition.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 12-702?
A common citation format is "Revised Statutes of Nebraska § 12-702" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 12-702 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.