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Can you summarize NERS 8-148.01?

BANKS AND BANKING > Corporation operating a computer center; investment of funds; limitation.

Short Summary

Any bank may invest not more than ten percent of its capital and surplus either in stock of a corporation operating a computer center or directly, alone or with others, in a computer center. With written approval of the director, such additional percentage of its capital and surplus may be so invested as the director shall approve. Such investment is not subject to the provisions of sections 8-148, 8-149, and 8-150. Source: Laws 1967, c. 18, 1, p. 116; Laws 1993, LB 81, 5; Laws 2017, LB140, 45.

Jurisdiction

Nebraska

Source
NERS 8-148.01 [https://reggi.cloud.regology.com/regulations/US-NERS/US-NERS_C_8_S_148.01]