Nebraska Statutes 8-203. General powers
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The trust company shall have power:
Terms Used In Nebraska Statutes 8-203
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Company shall: include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- 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.
(1) To have a corporate name;
(2) To have a corporate seal;
(3) To sue and be sued and complain and defend in all courts of law and equity;
(4) To receive reasonable compensation for all services performed by it under the Nebraska Trust Company Act;
(5) To make bylaws not inconsistent with the act or its articles of incorporation for the management of its affairs; and
(6) To appoint or elect such officers and agents as the business of the corporation may require.