This legal document governs the conduct of banks within the state of Nebraska. It specifies that conducting a bank within the state is only lawful if done through a corporation duly organized under the state’s laws. Corporations must comply with all provisions and requirements of the Nebraska Banking Act before receiving money upon deposit or conducting a bank. Violation of this law is considered a Class V misdemeanor for each day of the offense and may result in the appointment of a receiver to wind up the banking business.

According to the Nebraska Revised Statutes, no corporation is allowed to conduct a bank or digital asset depository in the state of Nebraska without obtaining a charter. The charter must be obtained in accordance with the Nebraska Banking Act or the Nebraska Financial Innovation Act. This requirement ensures that corporations meet the necessary criteria and regulations before engaging in banking or digital asset depository activities in the state. The document does not specify any penalties for non-compliance or violations.

This legal document outlines the procedures for obtaining a new bank charter and transferring a bank charter in Nebraska. When a corporation applies for a new bank charter, a public hearing is required, and notice of the application must be published in a legal newspaper. The director must consider the experience, character, and general fitness of the applicant, as well as the condition of the applicant’s financial institutions. If the bank charter is to be transferred to a new location, a hearing may be required based on the director’s discretion.

This legal document, found in the Nebraska Revised Statutes under the section for Banks and Banking, governs the issuance of bank charters and the capital stock requirements for corporations applying for a bank charter. According to subsection (1) of this section, a bank charter cannot be issued unless the applying corporation has surplus and paid-up capital stock in an amount not less than the amount necessary for compliance with subsection (1) of section 8-702 for the insurance of deposits.

This provision, found in the Nebraska Revised Statutes under the section on Banks and Banking, allows banks to issue and sell capital notes or debentures with the approval of the director. The issuance of these notes or debentures does not require any action from the bank’s stockholders. However, they are subordinate to the claims of depositors and may also be subordinated to the claims of other creditors. Before retiring or paying these notes or debentures, the bank must ensure that its sound capital assets are sufficient to at least equal its capital or capital stock, disregarding the notes or debentures to be retired.

This legal document, governed by the Nebraska Revised Statutes, pertains to the process and requirements for obtaining a conditional bank charter. A conditional bank charter can be granted for a period of up to eighteen months and is specifically intended for the acquisition or potential acquisition of a troubled or failing financial institution located in Nebraska or with a branch in Nebraska. The document outlines the contents of the application for a conditional bank charter, including the proposed bank’s name, draft articles of incorporation, financial condition of stockholders, officers, and directors, available capital, and a preliminary business plan.

(1) It shall be unlawful for any person for hire (a) to promote or attempt to promote the organization of a corporation to conduct the business of a bank in this state or (b) to sell the capital stock of such a corporation prior to the issuance of a charter to such corporation authorizing its operation as a bank. (2) Any person violating the provisions of this section is guilty of a Class II misdemeanor.

This legal provision applies to corporations organized for conducting a bank under the laws of Nebraska. Before being granted a charter, such corporations must file a statement with the department, under oath, stating that no compensation has been paid or promised to any person for selling the stock of the corporation. Filing a false statement is considered a Class I misdemeanor. If a false statement is found after the charter has been delivered, the department may cancel the charter and appoint a receiver for the corporation.

This legal document, sourced from the Nebraska Revised Statutes, governs the process of conducting, merging, or transferring a bank. It applies to corporations that are organized for conducting a bank or merging with an existing bank. The document outlines the requirements for submitting a complete detailed application, including the proposed bank’s name, copy of the articles of incorporation, names of stockholders, location of the bank, nature of the proposed banking business, proposed amounts of paid-up capital stock and surplus, and a statement regarding the payment of at least twenty percent of the stated amounts by the stockholders.