An officer, director, agent, or employee of a bank, trust company, building and loan association, savings and loan association, credit union, or other similar entity which is chartered, licensed, regulated, or examined by the department who willfully misapplies any of the money, funds, or credits of any such entity or any money, funds, assets, or securities entrusted to the care or custody of such entity or the custody or care of any such officer, director, agent, or employee is guilty of a Class IV felony.

This provision grants banks incorporated under the laws of Nebraska and organized under the Nebraska Banking Act or the laws of Nebraska prior to May 9, 1933, the same rights, powers, privileges, benefits, and immunities as federally chartered banks doing business in Nebraska. These rights include the exercise of all powers and activities permitted for a financial subsidiary of a federally chartered bank. However, the bank is still required to pay state taxes assessed under applicable laws of Nebraska.

This legal document outlines the provisions and requirements for controllable electronic record custody by financial institutions authorized to provide digital asset services. The document specifies that a financial institution may serve as a qualified custodian and must comply with all applicable state and federal laws and rules for custodial services. The financial institution is required to implement accounting, internal control, and other standards, maintain information technology best practices, and comply with federal anti-money laundering and customer identification requirements.

The director may adopt and promulgate rules and regulations to implement sections 8-1,141 to 8-1,143. Source: Laws 2021, LB649, 41.

The courts of Nebraska shall have jurisdiction to hear claims in both law and equity relating to controllable electronic records, including those arising under sections 8-1,141 to 8-1,143 and the Uniform Commercial Code. Source: Laws 2021, LB649, 42.

Sections 8-101.02 to 8-1,143 shall be known and may be cited as the Nebraska Banking Act. Source: Laws 1998, LB 1321, 32; Laws 1999, LB 396, 4; Laws 2009, LB327, 1; Laws 2010, LB891, 1; R.S.1943, (2012), 8-101.01; Laws 2017, LB140, 1; Laws 2021, LB649, 32.

The provided legal document content pertains to the Nebraska Banking Act. It defines various terms related to banking and financial institutions. The Act applies to financial institutions such as banks, savings banks, building and loan associations, savings and loan associations, credit unions, trust companies, and digital asset depositories. The document provides definitions for terms such as access device, acquiring financial institution, automatic teller machine, automatic teller machine surcharge, bank or banking corporation, bank subsidiary, capital or capital stock, data processing center, department, digital asset depository, director, financial institution employees, foreign state agency, impulse, insolvent, making loans, order, point-of-sale terminal, and switch.

This legal document pertains to the supervision and control of specified financial institutions in the state of Nebraska. The Department has general supervision and control over banks, trust companies, credit unions, building and loan associations, savings and loan associations, and digital asset depositories. These institutions are declared to be quasi-public in nature and subject to regulation and control by the state. The director of the department has the authority to prescribe conditions on these institutions and their holding companies, if any, as part of any written order, decision, or determination required under specific acts and chapters.

This legal document pertains to the supervision and examination of banks, trust companies, building and loan associations, savings and loan associations, and credit unions by the director. The director is responsible for enforcing compliance with statutes and maintaining proper banking standards and efficiency. If the director has a financial interest in a financial institution chartered by the department, the Governor assumes direct supervision. The director and certain department employees, such as deputy directors, counsels, attorneys, and financial institution examiners, are prohibited from borrowing money from financial institutions chartered by the department, except for borrowing in the normal course of business from the Nebraska State Employees Credit Union.