This legal document governs the establishment and maintenance of automatic teller machines (ATMs) for banking transactions. It allows establishing financial institutions to set up and operate ATMs for various banking transactions, such as deposits, withdrawals, fund transfers, and account inquiries. User financial institutions can access and use these ATMs by paying an automatic teller machine usage fee. The document ensures that ATMs are made available on a nondiscriminating basis for Nebraska customers of user financial institutions.

Any bank may be appointed and shall have power to act, either by itself or jointly with any natural person or persons, as personal representative of the estate of any deceased person or as special administrator of the estate of any deceased person under the appointment of a court of record having jurisdiction of the estate of such deceased person. When a bank is so appointed and an oath is required to be made, whether in order to qualify or for any other purpose, the president, vice president, or secretary of the bank may, on behalf of the bank, make and subscribe to the required oath.

Any bank, having adopted or amended its articles of incorporation to authorize the conduct of a trust business as defined in the Nebraska Trust Company Act, may be further chartered by the director to transact a trust company business in a trust department in connection with such bank. Source: Laws 1959, c. 19, 1, p. 143; Laws 1961, c. 14, 4, p. 107; R.R.S.1943, 8-1,118; Laws 1963, c. 29, 59, p.

The director has the authority to issue to banks amendments to their charters of authority to transact trust business as defined in the Nebraska Trust Company Act and has general supervision and control over such trust department of banks. Source: Laws 1959, c. 19, 2, p. 143; Laws 1961, c. 14, 5, p. 108; R.R.S.1943, 8-1,119; Laws 1963, c. 29, 60, p. 159; Laws 1993, LB 81, 10; Laws 1998, LB 1321, 11; Laws 2017, LB140, 58.

The provided legal document content pertains to the Nebraska Revised Statutes governing banks and banking. It defines various terms related to banking and finance in the state of Nebraska. The document provides definitions for terms such as ‘bank,’ ‘bank holding company,’ ‘bankers bank,’ ‘department,’ ‘foreign bank holding company,’ ‘foreign bankers bank,’ ‘foreign state,’ and ‘owned substantially.’ These definitions are applicable to sections 8-1601 to 8-1605 of the Nebraska Revised Statutes. The document also includes the sources of these definitions, which are Laws 1986, LB 1123, 1; Laws 1999, LB 396, 15; Laws 2006, LB 876, 21.

A bankers bank may be formed with the approval of the department and subject to requirements and procedures for the issuance of a new bank charter or the transfer of an existing bank charter as provided in the Nebraska Banking Act. A bankers bank shall be a bank which is: (1) Insured by the Federal Deposit Insurance Corporation; (2) Owned substantially by other Nebraska banks, bank holding companies, foreign bank holding companies, or a combination of such entities; and (3) Directly and through all its subsidiaries engaged exclusively in providing services for other banks and their officers, directors, and employees.

A bankers bank shall be subject to the Nebraska Banking Act and any rules and regulations adopted and promulgated by the department. Source: Laws 1986, LB 1123, 3; Laws 1998, LB 1321, 73; Laws 2003, LB 217, 28. Cross References Nebraska Banking Act, see section 8-101.02.

A bankers bank may repurchase, for its own account, shares of its own capital stock, but the outstanding capital stock may not be reduced below the minimum required by law. Source: Laws 1986, LB 1123, 4.

A bank may subscribe to, invest in, buy, or own voting stock of one or more bankers banks, foreign bankers banks, bank holding companies, or foreign bank holding companies of such bankers bank or foreign bankers bank in an amount not to exceed five percent of any class of voting stock of each such bankers bank, foreign bankers bank, bank holding company, or foreign bank holding company of such bankers bank or foreign bankers bank.

The director, before granting to any bank the right to operate a trust department, shall require such bank to make an application for amendment of its charter, setting forth such information as the director may require. If, upon investigation, the director is satisfied that the trust department of the bank requesting such amendment will be operated by officers of integrity and responsibility, the department shall, with such additional capital as the director shall require, issue to such bank an amendment to its charter, entitling it to operate a trust department and entitling it to transact the business provided for in the Nebraska Trust Company Act.