Statute 76 109

76-109. Property not in possession of conveyor; conveyance effective.Any act which would be effective as a conveyance inter vivos or as a mortgage or as a testamentary disposition of property when the land or thing other than land is in the possession of the conveyor, is effective as a conveyance of the conveyor's interest therein, when the land or thing other than land is out of the conveyor's possession whether adversely held or not.Source Laws 1941, c. 153, § 9, p. 596; C.S.Supp.,1941, § 76-1009; R.S.1943, § 76-109.