This legal document governs the issuance of a charter to corporations applying to transact business as a bank in Nebraska. The document outlines the requirements and process for obtaining a charter, including the examination and approval of the application by the Director of Banking and Finance, investigation of the integrity and responsibility of the stockholders, directors, and officers of the corporation, and the determination of public necessity, convenience, and advantage. Upon meeting the requirements and paying the necessary fees, the department will issue a charter to the corporation.

This legal document, governed by the Nebraska Revised Statutes under the section ‘BANKS AND BANKING’, pertains to the management and control of affairs and business of banks. It specifies that a bank should have a board of directors consisting of not less than five and not more than twenty-five members. The board of directors is responsible for selecting a president, who must also be a member of the board. The document further states that the board of directors should hold at least one regular meeting in each calendar quarter.

At any time that a vacancy on the board of directors of a bank occurs, the bank shall, within thirty days, notify the department of the vacancy. Vacancies shall be filled within ninety days by appointment by the remaining directors, and any director so appointed shall serve until the next election of directors, except that if the vacancy created leaves a minimum of five directors, appointment shall be optional. When the vacancy has been filled, the bank shall make application to the department for approval of the director appointed in accordance with section 8-126.

A full and complete record of the proceedings and business of all meetings of the board of directors shall be recorded in the bank’s minutes. Such record of the meetings shall show the gross earnings and disposition thereof by indicating expenses and taxes paid, worthless items charged off, depreciation in assets, amount carried to surplus fund, and amount of dividend, and shall also indicate the amount of undivided profits remaining. Published statements of assets and liabilities shall show for undivided profits only the net amount after deducting all expenses.

This legal document governs the qualifications and approval process for bank directors, as well as the revocation of such approval. According to the document, a majority of the bank’s board of directors must have their residences in the state or within twenty-five miles of the bank’s main office. Efforts should be made to acquire directors from the county where the main office is located and from counties with branches of the bank.

(1) Every bank shall cause to be kept at all times a full and correct list of the names and residences of all its stockholders, the number of shares held by each, and the amount of paid-up capital represented thereby. Such list shall be subject to the inspection of all stockholders of the bank during all business hours, and shall be kept in the business office where all stockholders may have ready access to it.

This legal provision governs the process of increasing or decreasing the paid-in capital stock of banks. According to the provision, the stockholders of a bank, through a vote of those owning two-thirds of the capital stock, can authorize an officer of the bank to notify the department of the proposed increase or reduction of paid-in capital stock. In the case of a reduction, a notice stating the amount of the proposed reduction must be published for two weeks in a newspaper published and of general circulation in the county where the bank’s main office is located.