This legal document, found in the Nebraska Revised Statutes under the section for Banks and Banking, pertains to the restoration of solvency for insolvent banks. It outlines the conditions under which a bank can reopen for limited business, including the approval of a contract or plan between the unsecured depositors and unsecured creditors representing at least 85% of the total amount of deposits and unsecured claims. All other depositors and unsecured creditors are bound by this agreement.

Where no other punishment is provided in the Nebraska Banking Act, any person violating any provision of the act is guilty of a Class III misdemeanor. Source: Laws 1909, c. 10, 61, p. 95; R.S.1913, 341; Laws 1919, c. 190, tit. V, art. XVI, 61, p. 710; C.S.1922, 8041; C.S.1929, 8-1,104; R.S.1943, 8-1,107; Laws 1963, c. 29, 119, p. 184; Laws 1977, LB 40, 53; Laws 1987, LB 2, 19; Laws 1998, LB 1321, 25; Laws 2017, LB140, 115.

This legal document, as part of the Nebraska Revised Statutes governing banks and banking, defines the terms related to emergencies in the context of financial institutions. An emergency is defined as any condition or occurrence that physically interferes with normal business operations or poses a threat to the safety or security of persons or property. This includes events such as fire, flood, earthquake, hurricane, labor disputes, power failure, transportation failure, robbery, enemy attack, epidemic, riot, civil commotion, and other acts of lawlessness or violence.

This legal document, part of the Nebraska Revised Statutes governing banks and banking, provides provisions for emergencies and closures of financial institution offices. The director has the authority to proclaim an emergency and authorize the closure of any or all offices of a financial institution located in the affected area. If the emergency affects a particular financial institution or office, the director may authorize its closure. The closed office remains closed until the director proclaims the end of the emergency or until the officers of the financial institution decide to reopen.

This provision, found in the Nebraska Revised Statutes under the section on Banks and Banking, grants authority to the officers of a financial institution to determine the closure of one or more of its offices in the event of an existing or impending emergency. The officers have the discretion to decide not to open or to close the offices during the emergency, even without a proclamation of emergency from the director.

The officers of a financial institution may close any one or all of the financial institution’s offices on any day, designated by proclamation of the President of the United States or the Governor, as a day or days of mourning, rejoicing, or other special observance. Source: Laws 1971, LB 523, 4; Laws 2017, LB140, 119.

A financial institution closing an office pursuant to the authority granted under section 8-1,126 shall give as prompt notice of its action as conditions will permit and by any means available, to the director. Source: Laws 1971, LB 523, 5; Laws 2017, LB140, 120.