Adverse material fact, defined.
Neb. Rev. Stat. § 76-2403
in effect76-2403. Adverse material fact, defined.
Adverse material fact shall mean a fact which (1) significantly affects the desirability or value of the property to a party and is not reasonably ascertainable or known to a party or (2) establishes a reasonable belief that another party will not be able to, or does not intend to, complete that party's obligations under a contract creating an interest in real property.
Laws 1994, LB 883, § 3; Laws 2002, LB 863, § 2.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/statutes.php?statute=76-2403Fetched: 10/20/2026
