This subchapter does not apply to a banking corporation that is organized under the laws of this state or under federal law and has its main office in this state. Added by Acts 1984, 68th Leg., 2nd C.S., ch. 31, art. 3, part B, Sec. 6, eff. May 1, 1985. Amended by Acts 1999, 76th Leg., ch. 184, Sec. 5, eff. Jan. 1, 2000.

The provided legal document outlines the procedures for the distribution of funds to banks in the state of Nebraska. According to the Nebraska Capital Expansion Act, the state investment officer is responsible for offering a time deposit open account to all eligible financial institutions. The deposit date is set as the last day of the month, with deposits made on the next working day if the last day is not a working day.

This section of the Nebraska Administrative Code, under the Banking and Finance Department, provides interpretation and guidelines regarding the borrowing activities of directors, officers, and employees in relation to banks. According to the Department of Banking and Finance, directors, officers, or employees who directly or indirectly receive funds in exchange for consideration returning to the bank may act as guarantors without falling within the purview of section 8-140. However, there are two instances in which a director, officer, or employee may fall within the purview of section 8-140 even if they are only acting as a guarantor.

The provided legal document content pertains to reporting requirements for officers who are indebted to or borrow from financial institutions. According to the document, if an officer is presently indebted to another financial institution at the time of hire, a report must be made immediately. Additionally, if the officer later borrows from or becomes indebted to another financial institution, a report must be made at the next regularly scheduled board meeting after the borrowing or indebtedness is consummated.

This legal document governs the disposal and retention of records for banks exercising trust powers and stand-alone trust companies. It authorizes these entities to dispose of old records in accordance with a schedule for destruction of trust records. However, certain records such as ledger sheets and records showing unpaid balances in favor of any trustor, grantor, beneficiary, or other parties interested in fiduciary accounts administered by the bank or trust company must be retained.

The provided legal document content pertains to the conversion of a savings and loan or building and loan to a capital stock savings association. The document is governed by the Nebraska Administrative Code under the Banking and Finance Department’s Industrial Savings and Loan Credit Union Rules. The rule has been promulgated under the authority delegated to the Director of the Department of Banking and Finance. The Department has determined that this rule is in the public interest.

The provided legal document content pertains to the minimum capital requirements needed to form a newly organized capital stock savings association. The document is governed by the Nebraska Administrative Code, specifically the Industrial Savings and Loan Credit Union Rules. It has been promulgated pursuant to authority delegated to the Director in Neb. Rev. Stat. 8-378. The Department has determined that this Rule is in the public interest. The Director may, on a case-by-case basis, require adherence to additional standards or policies in the public interest.

The provided legal document content consists of the Industrial Savings and Loan Credit Union Rules under the Nebraska Administrative Code in the Department of Banking and Finance. These rules govern the operations and regulations of industrial savings and loan credit unions in Nebraska. They apply to the credit unions themselves, their members, officials, employees, and individuals or entities involved in transactions with these credit unions. The document does not mention any specific exemptions or penalties for non-compliance.

The provided legal document content consists of the Industrial Savings and Loan Credit Union Rules under the Nebraska Administrative Code in the Department of Banking and Finance. These rules govern the operations and regulations of industrial savings and loan credit unions in Nebraska. They apply to the credit unions themselves, their members, officials, employees, and individuals or entities involved in transactions with these credit unions. The document does not mention any specific exemptions or penalties for non-compliance.

The provided legal document content consists of the Industrial Savings and Loan Credit Union Rules under the Nebraska Administrative Code in the Department of Banking and Finance. These rules govern the operations and regulations of industrial savings and loan credit unions in Nebraska. They apply to the credit unions themselves, their members, officials, employees, and individuals or entities involved in transactions with these credit unions. The document does not mention any specific exemptions or penalties for non-compliance.