Nebraska Statutes 2-4219. Loans; optional requirements
Prior to exercising any of the powers conferred by sections 2-4216 and 2-4217, the corporation may:
Terms Used In Nebraska Statutes 2-4219
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(1) Require that the conservation loan or natural resource development loan involved be insured by an insurer;
(2) Require any other type of security that it deems reasonable and necessary and which, in the case of a political subdivision, such political subdivision is authorized by law to grant; and
(3) Require appropriate evidence in the form of an opinion of counsel that any natural resource development loan is duly authorized and valid under the statutes governing the powers and procedures of such political subdivision.