Neb. Rev. Stat. § 76-1516

Current with changes from the 2024 legislative session enacted on or before 4/18/2024
Section 76-1516 - Violations; penalty; injunction; Attorney General, county attorney, duties

Any trust, other than a family trust, authorized trust, or testamentary trust, violating sections 76-1507 to 76-1516 shall upon conviction be punished by a fine of not more than fifty thousand dollars and shall divest itself of any land acquired in violation of sections 76-1507 to 76-1516 within one year after conviction. The courts of this state may prevent and restrain violations of this section through the issuance of an injunction. The Attorney General or a county attorney shall institute suits on behalf of the state to prevent and restrain violations of sections 76-1507 to 76-1516.

Neb. Rev. Stat. § 76-1516

Laws 1981, LB 9, § 10; Laws 2011, LB 160,§ 2.