Nebraska Statutes 8-198. Financial institutions; designation of receiver and liquidating agent; department; powers
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The department may be designated the receiver and liquidating agent for any financial institution chartered by the department and, subject to the district court’s supervision and control, may proceed to liquidate such financial institution or reorganize it in accordance with the Nebraska Banking Act.
Terms Used In Nebraska Statutes 8-198
- Financial institution: means a bank, savings bank, building and loan association, savings and loan association, credit union, or trust company, or any office thereof, chartered by the department. See Nebraska Statutes 8-1,124