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Can you summarize NERS 8-1,100?
BANKS AND BANKING > Insolvent banks; liquidation; special deputies, assistants, counsel; appointment; compensation; discharge.
Short Summary
This legal document, found in the Nebraska Revised Statutes under the section on Banks and Banking, governs the process of liquidating insolvent banks. The director of banking has the authority to appoint special deputies or assistants to assist in the efficient and economical liquidation of such banks. The appointed individuals have powers specified in their certificate of appointment. The director may also employ counsel and expert assistance as needed for the liquidation process. The compensation for the services rendered by the special deputies, assistants, and counsel is subject to the approval of the district court and will be taxed as costs of the liquidation. The director has the discretion to discharge or reassign the appointed individuals. This document does not mention any specific exemptions or penalties.
Whom does it apply to?
The director, special deputies, assistants, counsel
What does it govern?
Liquidation of insolvent banks
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nebraska