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Can you summarize NERS 8-1604?

BANKS AND BANKING > Repurchase of capital stock; limitation.

October 3, 2023

Short Summary

A bankers bank may repurchase, for its own account, shares of its own capital stock, but the outstanding capital stock may not be reduced below the minimum required by law. Source: Laws 1986, LB 1123, 4.

Jurisdiction

Nebraska

Source

NERS 8-1604 [https://reggi.cloud.regology.com/regulations/US-NERS/US-NERS_C_8_S_1604]

Banking

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