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Can you summarize NERS 8-162?
BANKS AND BANKING > Banks; trust department; separation from other departments; powers; duties.
Short Summary
The trust department of a bank when chartered under sections 8-159 to 8-161 shall be separate and apart from every other department of the bank and shall have all of the powers, duties, and obligations of a trust company provided in the Nebraska Trust Company Act. Source: Laws 1959, c. 19, 4, p. 144; Laws 1961, c. 14, 7, p. 108; R.R.S.1943, 8-1,121; Laws 1963, c. 29, 62, p. 159; Laws 1993, LB 81, 12; Laws 1998, LB 1321, 13. Cross References Nebraska Trust Company Act, see section 8-201.01.
Jurisdiction
Nebraska