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Can you summarize NERS 8-2714?

BANKS AND BANKING > Material litigation, defined.

Short Summary

Material litigation means any litigation that, according to generally accepted accounting principles, is deemed significant to an applicant’s or licensee’s financial health and would be required to be referenced in an applicant’s or licensee’s annual audited financial statements, report to shareholders, or similar documents. Source: Laws 2013, LB616, 14.

Jurisdiction

Nebraska

Source
NERS 8-2714 [https://reggi.cloud.regology.com/regulations/US-NERS/US-NERS_C_8_S_2714]