# Neb. Rev. Stat. § 40-111: View Statute 40-111

> Nebraska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-111

## Section

- **Citation:** Neb. Rev. Stat. § 40-111
- **Heading:** View Statute 40-111
- **Jurisdiction:** Nebraska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NE Code / Chapter 40 / Section 40-111

## Text

If from the evidence it appears that the land upon which the execution has been levied cannot be divided, the court shall, unless a sale has already been held, make an order directing the sale of the land under the execution; but at such sale no bid must be received unless it exceeds the amount of the homestead exemption. Where a sale has already been held, the proceeds of sale to an amount equaling the homestead exemption shall be set off to the judgment debtor as exempt, and the balance distributed as provided by order of the court.

Laws 1879, § 11, p. 60;

R.S.1913, § 3086;

C.S.1922, § 2826;

C.S.1929, § 40-111;

R.S.1943, § 40-111;

Laws 1947, c. 153, § 6, p. 422.

Bid cannot be received unless it exceeds amount of homestead exemption and other existing valid liens. Sanne v. Sanne, 167 Neb. 683, 94 N.W.2d 367 (1959).

Bid cannot be received unless it exceeds amount of homestead exemption and other existing valid liens. Sanne v. Sanne, 167 Neb. 683, 94 N.W.2d 367 (1959).

## Nearby sections

- [Neb. Rev. Stat. § 40-101 View Statute 40-101](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-101.md)
- [Neb. Rev. Stat. § 40-103 View Statute 40-103](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-103.md)
- [Neb. Rev. Stat. § 40-104 View Statute 40-104](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-104.md)
- [Neb. Rev. Stat. § 40-105 View Statute 40-105](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-105.md)
- [Neb. Rev. Stat. § 40-106 View Statute 40-106](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-106.md)
- [Neb. Rev. Stat. § 40-107 View Statute 40-107](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-107.md)
- [Neb. Rev. Stat. § 40-108 View Statute 40-108](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-108.md)
- [Neb. Rev. Stat. § 40-110 View Statute 40-110](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-110.md)
- [Neb. Rev. Stat. § 40-111 View Statute 40-111](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-111.md)
- [Neb. Rev. Stat. § 40-112 View Statute 40-112](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-112.md)
- [Neb. Rev. Stat. § 40-113 View Statute 40-113](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-113.md)
- [Neb. Rev. Stat. § 40-116 View Statute 40-116](https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-116.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NE_C40_S40-111. Check the current official text before relying on it. Not legal advice.