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Can you summarize NERS 8-115.01?
BANKS AND BANKING > Banks; new charter; transfer of charter; procedure.
Short Summary
This legal document outlines the procedures for obtaining a new bank charter and transferring a bank charter in Nebraska. When a corporation applies for a new bank charter, a public hearing is required, and notice of the application must be published in a legal newspaper. The director must consider the experience, character, and general fitness of the applicant, as well as the condition of the applicant’s financial institutions. If the bank charter is to be transferred to a new location, a hearing may be required based on the director’s discretion. However, if the bank is moving its main office to a branch location within Nebraska that has been in operation for at least one year, a public notice or hearing may not be necessary. The director is responsible for sending notices to financial institutions and the expenses incurred for publication and mailing are to be paid by the applicant. In case of an emergency declared by the Governor, the Secretary of State, and the director, immediate action may be taken on charter applications without a hearing.
Whom does it apply to?
Corporations applying for a new bank charter or transferring a bank charter
What does it govern?
Procedures for obtaining a new bank charter and transferring a bank charter
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nebraska