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Can you summarize NERS 8-1,129?
BANKS AND BANKING > Emergencies; laws applicable.
Short Summary
This legal document, sourced from the Nebraska Revised Statutes under the section ‘BANKS AND BANKING’, pertains to the closure of financial institutions during emergencies. It states that any day on which a financial institution or any of its offices is closed due to authorized reasons shall be considered a legal holiday for all financial institution business. The document also clarifies that no liability or loss of rights shall occur due to such closures. Additionally, it emphasizes that these provisions are in addition to, and not a substitution for, any other laws authorizing financial institution closures or excusing delays in performance due to emergencies or uncontrollable conditions. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Financial institutions, directors, officers, employees
What does it govern?
Emergencies, laws applicable
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nebraska