Neb. Rev. Stat. § 12-702

This is the official text of Neb. Rev. Stat. § 12-702, part of Nebraska’s Rev. Stat — part of the compiled statutory law of Nebraska, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.

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View Statute 12-702

Official statutory text

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 .

Laws 1935, c. 26, § 2, p. 121;

C.S.Supp.,1941, § 13-702;

R.S.1943, § 12-702;

Laws 1953, c. 18, § 2, p. 86;

Laws 1963, c. 39, § 3, p. 212;

Laws 2024, LB257, § 2.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.