There Is a Newer Version
of
this Statute
2021 Nebraska Revised Statutes
Chapter 76 - Real Property
76-1511 - Trust, defined.
Universal Citation:
NE Code § 76-1511 (2021)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
76-1511. Trust, defined.
Trust shall mean a fiduciary relationship with respect to property, subjecting the person by whom the property is held to equitable duties to deal with the property for the benefit of another person, which arises as a result of a manifestation of an intention to create it. Trust does not include a person acting in a fiduciary capacity, as defined in section 76-1510. A trust includes a legal entity holding property as trustee, agent, escrow agent, attorney in fact, and in any similar capacity.
Source
- Laws 1981, LB 9, ยง 5.
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
