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2015 Nebraska Revised Statutes
Chapter 76 - REAL PROPERTY
76-1015 Sale of trust property; limitation of action.

NE Code § 76-1015 (2015) What's This?

76-1015. Sale of trust property; limitation of action.

The trustee's sale of property under a trust deed shall be made within the period prescribed in section 25-205 for the commencement of an action on the obligation secured by the trust deed unless the beneficiary elects to foreclose a trust deed in the manner provided for by law for the foreclosure of mortgages on real estate as provided in section 76-1005, in which case the statute of limitations for the commencement of such action shall be the same as the statute of limitations for mortgages pursuant to section 25-202.

Source

  • Laws 1965, c. 451, § 15, p. 1432;
  • Laws 1997, LB 284, § 2.

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