Nebraska § 76-107 - Future interest; conveyance authorized; exceptions; limitations.
Full text of Nebraska Revised Statutes of Nebraska § 76-107 — Future interest; conveyance authorized; exceptions; limitations., with citation guidance and answers to common questions.
§ 76-107. Future interest; conveyance authorized; exceptions; limitations.
(1) The conveyance of an existing future interest, whether legal or equitable, is not ineffective on the sole ground that the interest so conveyed is future or contingent, except that possibilities of reverter or rights of reentry for breach of condition subsequent shall not be alienable or devisable.
(2) Neither possibilities of reverter nor rights of reentry for breach of condition subsequent relating to any property, whether created on, before, or after July 9, 1988, when the condition has not been broken, shall be valid for a longer period than thirty years from the date of the creation of the condition or possibility of reverter or right of reentry. If such possibility of reverter or right of reentry is created to endure for a longer period than thirty years, it shall be valid for thirty years. This subsection shall not apply to personal property which has been conveyed to a library or museum for the purpose of public display.
(3) Any cause of action arising from any possibility of reverter or right of reentry for breach of condition subsequent which existed prior to July 9, 1988, shall be commenced within a period of one year following July 9, 1988.
The plain language of this section shows that conditions subsequent expire either upon the attempted transfer of the possibilities of reverter or rights of reentry, or 30 years after the creation of the condition subsequent. State v. Union Pacific RR. Co., 241 Neb. 675, 490 N.W.2d 461 (1992).
Creation of contingent future interests is recognized. Ellingrod v. Trombla, 168 Neb. 264, 95 N.W.2d 635 (1959).
Frequently Asked Questions About Nebraska § 76-107
What does Revised Statutes of Nebraska § 76-107 cover?
Section 76-107 ("Future interest; conveyance authorized; exceptions; limitations.") 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 § 76-107?
A common citation format is "Revised Statutes of Nebraska § 76-107" (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 § 76-107 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.