Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize NERS 8-183?
BANKS AND BANKING > National or state bank; conversion, merger, or consolidation; resulting bank; assets; valuation.
Short Summary
Without approval by the director, no asset shall be carried on the books of the bank resulting pursuant to section 8-181, when the resulting bank is a state bank, at a valuation higher than that on the books of the converting, merging, or consolidating bank at the time of the examination, by a state or national bank examiner, last occurring before the effective date of the conversion, merger, or consolidation. Source: Laws 1951, c. 11, 1(6), p. 86; R.R.S.1943, 8-165.05; Laws 1963, c. 29, 83, p. 167; Laws 2017, LB140, 78.
Jurisdiction
Nebraska