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Can you summarize NERS 8-1,109?
BANKS AND BANKING > Insolvent banks; claims; certificate of indebtedness; assignment; payments endorsed on certificate.
Short Summary
Upon the allowance of a claim against an insolvent bank, the director shall, upon request of the claimant, issue and deliver to the claimant a certificate of indebtedness showing the amount of the claim, the date of the allowance thereof, and whether such claim is one having priority of payment or is a general claim. Any assignment of a claim or certificate of indebtedness shall be filed with the director and shall not be binding until so filed. Upon payment of any distribution on a claim, evidenced by a certificate of indebtedness, such certificate shall be presented and an endorsement of such payment shall be made on the certificate. Source: Laws 1929, c. 38, 22, p. 167; C.S.1929, 8-1,101; Laws 1933, c. 18, 65, p. 169; C.S.Supp.,1941, 8-1,101; R.S.1943, 8-195; Laws 1963, c. 29, 109, p. 180; Laws 2017, LB140, 106.
Jurisdiction
Nebraska