76-202. Purchaser, defined.
116 words·~1 min read·
/ne/chapter-76/76-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term purchaser, as used in sections 76-201 to 76-281 and 76-2,126 , shall be construed to embrace every person to whom any real estate or interest therein shall be conveyed for valuable consideration and also any assignee of mortgage or lease or other conditional estate.
Holder of ninety-nine year lease was not purchaser of real estate from county, and lease by county board was valid. Lindburg v. Bennett, 117 Neb. 66, 219 N.W. 851 (1928).
Lease of school lands for purpose of removing minerals therefrom is void. Fawn Lake Ranch Co. v. Cumbow, 102 Neb. 288, 167 N.W. 75 (1918).
Second mortgagee is a purchaser. Dorr v. Meyer, 51 Neb. 94, 70 N.W. 543 (1897).