This legal document, Nebraska Revised Statutes » BANKS AND BANKING, governs various entities and aspects related to banks and banking in Nebraska. It applies to affiliated banks or thrift institutions, associations of banks or thrift institutions, banking corporations, qualifying associations, thrift institutions, and transaction card holders. The document defines terms such as affiliated bank or thrift institution, association of banks or thrift institutions, bank or banking corporation, qualifying association, thrift institution, and transaction card.

(1) Notwithstanding any other provisions of law and subject to the provisions of this section and to the approval of the Director of Banking and Finance, any bank or thrift institution may acquire and hold all or substantially all of the voting stock of one credit card bank located in this state when and so long as the credit card bank meets the conditions set forth in section 8-2401. (2) Sections 8-1511 to 8-1513 and 8-2401 to 8-2403 shall not be construed so as to limit the acquisition or ownership of a credit card bank to banks or thrift institutions.

This legal document governs the acquisition of voting stock of a credit card bank by a bank or thrift institution in Nebraska. It requires banks and thrift institutions to file an application with the Department of Banking and Finance for approval before making the acquisition. The application must contain specified information and acknowledge the applicant’s agreement to be bound by certain conditions. The director of Banking and Finance considers factors such as the financial and managerial resources of the bank or thrift institution, potential concentration of resources, competition, and the convenience and benefit to the public when deciding whether to approve the acquisition.

A bank may make loans secured by real estate or may participate with other financial institutions in such loans whether such participation occurs at the inception of the loan or at any time after the loan was made. Source: Laws 1963, c. 29, 52, p. 156; Laws 1965, c. 28, 4, p. 202; Laws 1972, LB 1226, 1; Laws 1973, LB 164, 16; Laws 1974, LB 845, 2; Laws 1979, LB 220, 6; Laws 1982, LB 779, 3; Laws 1994, LB 979, 5; Laws 2017, LB140, 53.

This legal document governs the requirements for checks, specifically regarding the preprinted information and the clearing process. All checks, except those sent to banks as special collection items, must have the magnetically encoded routing and transit symbol of the bank and either the name of the maker or the magnetically encoded account number of the maker. Checks drawn on any bank, except for special collection items or checks presented in person by the payee, must be cleared at par by the bank on which they are drawn.

This legal document, part of the Nebraska Revised Statutes governing Banks and Banking, outlines the rules and powers related to branch banking and the Director of Banking and Finance. It states that the general business of every bank should be conducted at the specified place of business in its charter. However, with the approval of the director, banks located in Nebraska can establish and maintain an unlimited number of branches within the state.