52-604 Sale; proceeds; distribution. - Nebraska Statutes

52-604. Sale; proceeds; distribution.From the proceeds of such sale the claimant shall satisfy his or her lien, including the reasonable charges of notice, advertisement, and sale. The balance, if any, of such proceeds shall be delivered to the county treasurer of the county in which the sale was made. The treasurer of the county in which the property was sold shall issue his or her receipt therefor. The county treasurer shall make proper entry in the books of his or her office of all money so paid over to him or her, and shall hold the money for a period of five years, and immediately thereafter shall pay the same into the school fund of the proper county, to be appropriated for the support of the schools, unless the owner of the property sold, his or her legal representatives, or any lien or security interest holder of record, shall within such period of five years after such money shall have been deposited with the treasurer, furnish satisfactory evidence of the ownership of such property or satisfactory evidence of the lien or security interest, in which event he, she, or they shall be entitled to receive from such treasurer the amount so deposited with him or her. SourceLaws 1923, c. 118, § 4, p. 281; C.S.1929, § 52-604; R.S.1943, § 52-604; Laws 1974, LB 960, § 3; Laws 2005, LB 82, § 1.