Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize NERS 8-159?
BANKS AND BANKING > Banks; trust department; authorization.
Short Summary
Any bank, having adopted or amended its articles of incorporation to authorize the conduct of a trust business as defined in the Nebraska Trust Company Act, may be further chartered by the director to transact a trust company business in a trust department in connection with such bank. Source: Laws 1959, c. 19, 1, p. 143; Laws 1961, c. 14, 4, p. 107; R.R.S.1943, 8-1,118; Laws 1963, c. 29, 59, p. 159; Laws 1993, LB 81, 9; Laws 1998, LB 1321, 10. Cross References Nebraska Trust Company Act, see section 8-201.01.
Jurisdiction
Nebraska