Nebraska Statutes 8-109. Financial institution examiner; failure to report unlawful conduct or unsafe condition; penalty
Current as of: 2023 | Check for updates
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If any financial institution examiner has knowledge of the insolvency or unsafe condition of any financial institution chartered by the department, that there are bad or doubtful assets in any such financial institution, that any such financial institution or any of its officers has violated any law governing the conduct of the financial institution, or that it is unsafe and inexpedient to permit any such financial institution to continue business, and the financial institution examiner fails to immediately report such fact in writing over his or her signature to the director, he or she is guilty of a Class II misdemeanor and shall forfeit his or her office.
Source
- Laws 1923, c. 191, § 36, p. 457;
- Laws 1925, c. 30, § 8, p. 127;
- C.S.1929, § 8-110;
- Laws 1933, c. 18, § 9, p. 139;
- C.S.Supp.,1941, § 8-110;
- R.S.1943, § 8-108;
- Laws 1963, c. 29, § 9, p. 137;
- Laws 1977, LB 40, § 37;
- Laws 2017, LB140, § 10.
Attorney's Note
Under the Nebraska Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class II misdemeanor | up to 6 months | up to $1,000 |
Terms Used In Nebraska Statutes 8-109
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Office: means any place at which a financial institution transacts its business or conducts operations related to its business. See Nebraska Statutes 8-1,124
- Officers: means the person or persons designated by the board of directors, supervisory committee, or other governing body of a financial institution, to act for such financial institution in an emergency or, in the absence of any such designation or of such officer or officers, the president or any other officer in charge of such financial institution or of such office or offices. See Nebraska Statutes 8-1,124