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Can you summarize NERS 8-190?
BANKS AND BANKING > Banks; possession by department; refusal to deliver; possession by banks; application for court order.
Short Summary
This provision, found in the Nebraska Revised Statutes under the section for Banks and Banking, pertains to situations where a bank refuses or neglects to deliver possession of its affairs, assets, or property to the department or any appointed person. In such cases, the director of the department can apply to the district court for an order placing the department or the appointed person in charge of the bank’s affairs and property. If the judge of the district court is absent, a judge from the Court of Appeals or Supreme Court may grant the order. The petition and order of possession must be transmitted to the clerk of the district court. The document does not specify any penalties for non-compliance. This provision ensures that the department or appointed individuals can take charge of a bank’s affairs and property when the bank fails to deliver possession as required by the Nebraska Banking Act.
Whom does it apply to?
Banks in Nebraska
What does it govern?
Possession of bank affairs, assets, and property
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Nebraska