™Your Policy Risk Impact Agent
591 sections in this chapter.
Neb. Rev. Stat. § 8-2003 Compliance review documents; confidentiality, exception; use in evidence.
1.1K chars
Except as provided in section 8-2004: (1) Compliance review documents are confidential and are not discoverable or admissible in evidence in any civil action arising out of matters evaluated by the compliance review committee. Compliance review committee members shall treat compl…
Neb. Rev. Stat. § 8-2004 Compliance review documents; confidentiality; held by governmental agency; effect.
0.3K chars
Section 8-2003 does not apply to any information required by statute or rule and regulation to be maintained by or provided to a governmental agency while the information is in the possession of the governmental agency to the extent applicable law expressly authorizes its disclos…
Neb. Rev. Stat. § 8-2005 Sections; how construed.
0.3K chars
Sections 8-2001 to 8-2004 are not to be construed to limit the discovery or admissibility in any civil action of any documents that are not compliance review documents and shall not preclude a depository institution's primary state or federal regulator from obtaining compliance r…
Neb. Rev. Stat. § 8-201 Charter required; exception; powers of Department of Banking and Finance; rules and regulations; fee.
2.8K chars
The Director of Banking and Finance shall have the power to issue to corporations desiring to transact business as trust companies charters of authority to transact trust company business as defined in the Nebraska Trust Company Act. He or she shall have general supervision and c…
Neb. Rev. Stat. § 8-201.01 Act, how cited.
0.1K chars
Sections 8-201 to 8-235 shall be known and may be cited as the Nebraska Trust Company Act.
Neb. Rev. Stat. § 8-202 Articles of incorporation; filing.
0.4K chars
The articles of incorporation shall be filed in the office of the Secretary of State, and a certified copy shall be filed and recorded in the office of the county clerk of the county in which the corporation has its principal office. Articles of incorporation and other records re…
Neb. Rev. Stat. § 8-203 General powers.
0.5K chars
The trust company shall have power: (1) To have a corporate name; (2) To have a corporate seal; (3) To sue and be sued and complain and defend in all courts of law and equity; (4) To receive reasonable compensation for all services performed by it under the Nebraska Trust Company…
Neb. Rev. Stat. § 8-204 Directors; qualifications; duties; vacancies.
2.4K chars
(1) The control of the business affairs of a trust company shall be vested in a board of directors of not less than five persons who shall be selected at such time and in such manner as may be provided by the articles of incorporation of the trust company and in conformity with t…
Neb. Rev. Stat. § 8-205 Capital stock; amount required; exception; impairment of capital stock; department; powers.
2.9K chars
(1) No corporation, except a bank authorized by the Director of Banking and Finance to operate a trust department, shall be authorized to transact business as a trust company under the Nebraska Trust Company Act on or after August 1, 2000, unless it has capital stock of at least …
Neb. Rev. Stat. § 8-205.01 Fidelity bond; requirements; director; powers and duties.
1.5K chars
Each trust company doing business under the Nebraska Trust Company Act shall obtain a fidelity bond, naming the trust company as obligee, in an amount to be fixed by the department. The bond shall be issued by an authorized insurer and shall be conditioned to protect and indemnif…
Neb. Rev. Stat. § 8-206 Specific powers.
4.5K chars
A trust company created under the Nebraska Trust Company Act shall have power: (1) To receive trust funds for investment or in trust upon such terms and conditions as may be agreed upon and to purchase, hold, and lease fireproof and burglar-proof and other vaults and safes from w…
Neb. Rev. Stat. § 8-207 Appointment as fiduciary, authorized; oath.
0.4K chars
Courts of this state may appoint a trust company receiver, assignee, trustee, guardian, conservator, personal representative, custodian, or special administrator. When a trust company is so appointed and an oath is required to be made, whether in order to qualify or for any other…
Neb. Rev. Stat. § 8-208 Conveyances; execution.
0.4K chars
All conveyance of or other instruments affecting real estate owned or held in trust by a trust company shall be authorized, prior to or within ninety days after the conveyance or execution of an instrument affecting real estate owned or held in trust, by a resolution of the board…
Neb. Rev. Stat. § 8-209 Pledge of securities with Department of Banking and Finance; amount required.
3.1K chars
(1) Any corporation organized to do business as a trust company under the Nebraska Trust Company Act shall make a pledge with the Department of Banking and Finance of approved securities. (2) The amount of securities required to be pledged shall be based on the market value of tr…
Neb. Rev. Stat. § 8-210 Securities; kinds authorized; pledge with Department of Banking and Finance.
0.9K chars
Securities pledged pursuant to section 8-209 shall consist of any securities which constitute a legal investment for the trust company except for bills of exchange, notes, mortgages, banker's acceptances, or certificates of deposit. State, county, municipal, and corporate bond is…
Neb. Rev. Stat. § 8-2101 Act, how cited.
0.1K chars
Sections 8-2101 to 8-2108 shall be known and may be cited as the Interstate Branching and Merger Act.
Neb. Rev. Stat. § 8-2102 Terms, defined.
1.9K chars
For purposes of the Interstate Branching and Merger Act, unless the context otherwise requires: (1) Bank means a bank as defined in 12 U.S.C. 1813, as such section existed on January 1, 2026; (2) Department means the Department of Banking and Finance; (3) Director means the Direc…
Neb. Rev. Stat. § 8-2103 Nebraska state chartered bank; powers.
0.8K chars
(1) A Nebraska state chartered bank may establish and maintain a branch or acquire a branch in any other state with the prior approval of the director and upon payment of the branch application fee set forth in section 8-602. (2) A Nebraska state chartered bank may engage in an i…
Neb. Rev. Stat. § 8-2104 Out-of-state bank; powers; interstate merger transaction; notice; powers and duties.
1.2K chars
(1) An out-of-state bank may establish and maintain a branch or acquire a branch in this state upon compliance with any applicable requirements of the Nebraska Model Business Corporation Act for registration or qualification to do business in this state. (2) An out-of-state bank …
Neb. Rev. Stat. § 8-2106 Interstate merger transaction; when prohibited.
0.6K chars
An interstate merger transaction shall not be permitted if, upon consummation of such transaction, the resulting bank or its bank holding company would have direct or indirect ownership or control of deposits in Nebraska in excess of twenty-two percent of the total deposits of al…
Neb. Rev. Stat. § 8-2107 Director; powers and duties; costs.
2.0K chars
(1) The director may enter into cooperative, coordinating, and information-sharing agreements with any other bank supervisory agencies or any organization affiliated with or representing one or more bank supervisory agencies with respect to the periodic examination or other super…
Neb. Rev. Stat. § 8-2108 Branch closing or disposal; act; how construed.
0.3K chars
Nothing in the Interstate Branching and Merger Act shall prevent the resulting bank in an interstate merger transaction from closing or disposing of any branches acquired in the transaction in accordance with state law subject to applicable federal law regarding branch closures.
Neb. Rev. Stat. § 8-211 Pledge of securities with Department of Banking and Finance; certificate of compliance; effect on obligation to furnish bond as fiduciary.
0.8K chars
The required pledges having been made, the Department of Banking and Finance shall issue a receipt and a certificate showing that the trust company has complied with the Nebraska Trust Company Act. Having thus qualified, the trust company may be permitted to act as assignee, rece…
Neb. Rev. Stat. § 8-212 Pledged securities; primarily liable for trust or fiduciary obligations and losses.
0.8K chars
Securities pledged as provided in section 8-209 shall be primarily liable for the obligations of the trust company, state or national bank, federal savings association, federally chartered trust company, out-of-state trust company authorized under the Interstate Trust Company Off…
Neb. Rev. Stat. § 8-213 Pledged securities of insolvent trust companies or out-of-state entity acting in fiduciary capacity; transfer to fiduciary; conditions.
3.1K chars
In the case of national banks and federal savings associations doing business as trust companies, trust companies, federally chartered trust companies, out-of-state trust companies authorized under the Interstate Trust Company Office Act or otherwise doing business in this state,…
Neb. Rev. Stat. § 8-214 Pledged securities; release upon surrender of fiduciary powers; conditions.
1.1K chars
Any national bank, federal savings association, federally chartered trust company, or out-of-state trust company authorized under the Interstate Trust Company Office Act or otherwise doing business in this state, which has surrendered its right to exercise such fiduciary powers i…
Neb. Rev. Stat. § 8-215 Pledged securities; release upon liquidation; conditions.
1.8K chars
Any trust company, state or national bank or federal savings association with a trust department, federally chartered trust company, out-of-state trust company authorized under the Interstate Trust Company Office Act or otherwise doing business in this state, or out-of-state enti…
Neb. Rev. Stat. § 8-216 Pledged securities; interest; company's right to collect.
0.1K chars
The trust company may collect and retain the interest of all securities pledged as provided in section 8-209.
Neb. Rev. Stat. § 8-217 Pledged securities; substitute; when required.
0.2K chars
If the interest on any security pledged as provided in section 8-209 remains unpaid for thirty days after maturity, the trust company shall substitute other securities therefor.
Neb. Rev. Stat. § 8-218 Examination; powers and duties of Department of Banking and Finance.
1.1K chars
The Department of Banking and Finance or any duly appointed examiner authorized by it may make a full examination into all the books, papers, and affairs of any trust company doing business under the Nebraska Trust Company Act as often as deemed necessary. In so doing, the depart…
Neb. Rev. Stat. § 8-218.01 Inactive company; charter revoked; when; release of assets.
0.5K chars
Any trust company which fails to exercise trust powers for three years or which voluntarily surrenders duties associated with fiduciary accounts so that no activity is reported for a period of three years, as determined by the consecutive annual reports submitted to the Departmen…
Neb. Rev. Stat. § 8-219 Liquidation; reorganization; adjudication of insolvency; grounds; powers and duties of Department of Banking and Finance.
1.6K chars
Whenever (1) it appears to the Department of Banking and Finance from any examination or report provided for by the Nebraska Trust Company Act that the capital stock of any trust company transacting business under the act is impaired, or that the trust company is conducting its b…
Neb. Rev. Stat. § 8-220 Liquidation; adjudication of insolvency; procedure; powers of district court; liens dissolved.
1.1K chars
The suit referred to in section 8-219 shall be conducted as a civil action under the laws of Nebraska. If in the suit the court finds that the trust company is insolvent, it shall enter a judgment of insolvency and order that the business of the trust company shall be wound up. T…
Neb. Rev. Stat. § 8-221 Liquidation; insolvency; injunction to prevent transaction of business.
0.7K chars
If the judge of the district court of the county where the suit is filed is absent therefrom, any judge of the Court of Appeals or Supreme Court may grant the injunction as provided in section 8-220 with the same force and effect as if it had been granted by the district judge. A…
Neb. Rev. Stat. § 8-222 Maximum liability.
0.4K chars
The maximum liability which may be incurred by any trust company organized under the Nebraska Trust Company Act, exclusive of money or properties held in trust and exclusive of money borrowed for investment and actually invested in real estate mortgages and other securities in wh…
Neb. Rev. Stat. § 8-223 Statements required; when; annual report, defined; penalty.
1.0K chars
(1) The trust company shall file with the Department of Banking and Finance during the months of January and July of each year a statement under oath of the condition of the trust company on the last business day of the preceding December and June in the manner and form required …
Neb. Rev. Stat. § 8-224 Reports; form; publication; trust company; disclosure statement.
2.3K chars
(1) The reports required by section 8-223 shall be verified by one of the managing officers, and a summary of the annual report, in a form prescribed by the Department of Banking and Finance, shall, within thirty days after the filing of the statement with the department, be publ…
Neb. Rev. Stat. § 8-224.01 Prohibited acts; violation; penalties; applicability.
2.3K chars
(1) No charge shall be allowed against an estate or trust for legal services performed by an attorney who is a salaried employee of the trust company or when a portion of the charge for legal service is retained by the trust company. Any officer or employee of the trust company c…
Neb. Rev. Stat. § 8-225 False statement or book entry; destruction or secretion of records; penalty.
0.8K chars
Any person who swears to any of the statements required by the Nebraska Trust Company Act, knowing them to be false, who subscribes to, makes, or causes to be made any false statement or false entry in the books of any trust company transacting a business under the act, who subsc…
Neb. Rev. Stat. § 8-226 Trust terms; use restricted; penalty.
1.7K chars
(1) No individual, firm, corporation, or association doing business directly or indirectly in the State of Nebraska shall use the words trust, trust company, trust association, or trust fund as any part of its title except: (a) A trust company as defined in section 8-230; (b) A t…
Neb. Rev. Stat. § 8-227 State trust company; merger or consolidation with national banking association; procedure.
0.5K chars
Any state trust company, with the approval of the Department of Banking and Finance, may, upon a vote of the holders of at least two-thirds of its capital stock, merge or consolidate with a national banking association, as provided by federal law, by causing a certificate to be f…
Neb. Rev. Stat. § 8-228 State trust company; merger or consolidation with a national bank; effect.
1.7K chars
When a state trust company has merged or consolidated with a national bank, the resulting national bank and trust company shall be considered the same business and corporate entity as the former national bank and the former trust company and as a continuation thereof and the owne…
Neb. Rev. Stat. § 8-229 State trust company; merger or consolidation with a national bank; redemption of stock; when; value, how determined.
1.3K chars
When the merger or consolidation becomes effective, the owner of shares of a state trust company which were voted against a merger or consolidation with a national bank shall be entitled to receive the value of the stock in cash from the assets of the state trust company when the…
Neb. Rev. Stat. § 8-229.01 State trust company; merger or consolidation with state bank; procedure.
0.6K chars
Any state trust company, with the approval of the Department of Banking and Finance, may, upon a vote of the holders of at least two-thirds of its capital stock, merge or consolidate with any state bank which has obtained powers to conduct a trust business pursuant to the Nebrask…
Neb. Rev. Stat. § 8-229.02 State trust company; merger or consolidation with a state bank; effect.
1.5K chars
When a state trust company has merged or consolidated with a state bank, the resulting state bank and trust company shall be considered the same business and corporate entity as the former state bank and the former trust company and as a continuation thereof. The ownership and ti…
Neb. Rev. Stat. § 8-229.03 State trust company; merger or consolidation with a state bank; redemption of stock; when; value, how determined.
1.2K chars
When the merger or consolidation becomes effective, the owner of shares of a trust company which were voted against a merger or consolidation with a state bank shall be entitled to receive the value of the stock in cash from the assets of the state trust company upon written dema…
Neb. Rev. Stat. § 8-230 Terms, defined.
2.0K chars
For purposes of the Nebraska Trust Company Act, unless the context otherwise requires: (1) Agency capacity means a capacity resulting from an undertaking to act alone or jointly with others primarily as agent for another in all matters connected with its undertaking, including th…
Neb. Rev. Stat. § 8-2301 Act, how cited.
0.1K chars
Sections 8-2301 to 8-2313 shall be known and may be cited as the Interstate Trust Company Office Act.
Neb. Rev. Stat. § 8-2302 Terms, defined.
3.4K chars
For purposes of the Interstate Trust Company Office Act, unless the context otherwise requires: (1) Branch trust office means an office of a trust company, other than the main or principal office of a trust company, at which a trust company may act in any fiduciary capacity or co…
Neb. Rev. Stat. § 8-2303 Nebraska state-chartered trust company; out-of-state branch trust offices; authorized.
0.5K chars
A Nebraska state-chartered trust company may establish and maintain branch trust offices in any other state in accordance with the laws of the other state and with the prior approval of the director. A Nebraska state-chartered trust company may conduct any activities at any branc…