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Nebraska Revised Statutes Chapter 76. Real Property § 76-878. Applicability; waiver

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) Sections 76-878 to 76-894 apply to all units subject to sections 76-825 to 76-894, except as provided in subsection (b) of this section or as modified or waived by agreement of purchasers of units in a condominium in which all units are restricted to nonresidential use.

(b) Neither a public-offering statement nor a resale statement need be prepared or delivered in the case of:

(1) a gratuitous or testamentary disposition of a unit;

(2) a disposition pursuant to court order;

(3) a disposition by a government or governmental agency;

(4) a disposition by foreclosure or deed in lieu of foreclosure;

(5) a disposition to a person in the business of selling real estate who intends to offer those units to a purchaser;

(6) a disposition that may be canceled at any time and for any reason by the purchaser without penalty;

(7) a condominium composed of not more than twenty-five units which is not subject to any development rights to add units, and no power is reserved to a declarant to make the condominium part of a larger condominium, group of condominiums, or other real estate; or

(8) any condominium composed of units not intended for residential use.

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Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 76. Real Property § 76-878. Applicability; waiver - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-76-real-property/ne-rev-st-sect-76-878/

Read this complete Nebraska Revised Statutes Chapter 76. Real Property § 76-878. Applicability; waiver on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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