Ask Reggi Your Question Now
Can you summarize NERS 8-135?
BANKS AND BANKING > Deposits; withdrawal methods authorized; lease of safe deposit box; section; how construed.
Short Summary
This legal document, part of the Nebraska Revised Statutes governing banks and banking, establishes that all persons, regardless of age, can become depositors in any bank and have the same duties and liabilities regarding their deposits. Depositors can withdraw their deposits through check or other written instruments signed by the depositor, or through various electronic means such as preauthorized direct withdrawal, automatic teller machines, debit cards, transfers by telephone, networks including the Internet, or any electronic terminal or computer. Additionally, individuals, regardless of age, can enter into agreements with banks for the lease of a safe deposit box and will be bound by the terms of the agreement. The document clarifies that it does not affect the rights, liabilities, or responsibilities of participants in electronic fund transfers under the federal Electronic Fund Transfer Act, nor does it impact the legal relationships between a minor and any person other than the bank.
Whom does it apply to?
All persons, regardless of age
What does it govern?
Deposits, withdrawal methods, lease of safe deposit box
What are exemptions?
This section shall not affect the rights, liabilities, or responsibilities of participants in an electronic fund transfer under the federal Electronic Fund Transfer Act, 15 U.S.C. 1693 et seq., as such act existed on January 1, 2023, and shall not affect the legal relationships between a minor and any person other than the bank.
What are the Penalties?
No penalties mentioned.
Jurisdiction
Nebraska