Nebraska Statutes 8-116. Banks; capital stock; amount required
Current as of: 2023 | Check for updates
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(1) Except as provided in subsection (2) of this section, a charter for a bank shall not be issued unless the corporation applying therefor has surplus and paid-up capital stock in an amount not less than the amount necessary for compliance with subsection (1) of section 8-702 for the insurance of deposits.
Terms Used In Nebraska Statutes 8-116
- 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.
(2) The director has the authority to determine the minimum amount of paid-up capital stock and surplus required for any corporation applying for a bank charter, which amount shall not be less than the amount provided in subsection (1) of this section.
Source
- Laws 1909, c. 10, § 13, p. 72;
- R.S.1913, § 292;
- Laws 1919, c. 190, tit. V, art. XVI, § 11, p. 689;
- Laws 1921, c. 297, § 3, p. 950;
- C.S.1922, § 7992;
- Laws 1923, c. 192, § 1, p. 463;
- C.S.1929, § 8-122;
- Laws 1935, c. 19, § 1, p. 95;
- C.S.Supp.,1941, § 8-122;
- Laws 1943, c. 19, § 3(1), p. 102;
- R.S.1943, § 8-119;
- Laws 1959, c. 15, § 3, p. 132;
- Laws 1961, c. 15, § 1, p. 111;
- R.R.S.1943, § 8-119;
- Laws 1963, c. 29, § 16, p. 140;
- Laws 1967, c. 19, § 3, p. 118;
- Laws 1973, LB 164, § 4;
- Laws 1979, LB 220, § 3;
- Laws 1983, LB 252, § 2;
- Laws 2002, LB 1094, § 3;
- Laws 2008, LB851, § 2;
- Laws 2015, LB155, § 1;
- Laws 2017, LB140, § 16.