Nebraska § 17-503.01 - Real property less than five thousand dollars; sale; procedure.
Full text of Nebraska Revised Statutes of Nebraska § 17-503.01 — Real property less than five thousand dollars; sale; procedure., with citation guidance and answers to common questions.
§ 17-503.01. Real property less than five thousand dollars; sale; procedure.
Section 17-503 shall not apply to the sale of real property if the authorizing resolution directs the sale of real property, the total fair market value of which is less than five thousand dollars. Following passage of the resolution directing the sale of the property, notice of the sale shall be posted in three prominent places within the city or village for a period of not less than seven days prior to the sale of the property. The notice shall give a general description of the property offered for sale and state the terms and conditions of sale. Confirmation of the sale by passage of an ordinance may be required.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 17-503.01
What does Revised Statutes of Nebraska § 17-503.01 cover?
Section 17-503.01 ("Real property less than five thousand dollars; sale; procedure.") 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 § 17-503.01?
A common citation format is "Revised Statutes of Nebraska § 17-503.01" (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 § 17-503.01 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.