reglab/housing_qa huggingface dataset:
NE Code § 8-107 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-107 - Banks; books and accounts; failure to keep; penalty.

8-107.  Banks; books and accounts; failure to keep; penalty.The department has the authority to require the officers of any bank, or any of them, to open and keep such books or accounts as the department in its discretion may determine and prescribe for the purpose of keeping accurate and convenient records of the transactions and accounts of such bank. Any bank that refuses or neglects to open and keep such books or accounts as may be prescribed by the department shall be subject to a penalty of ten dollars for each day it neglects or fails to open and keep such books and accounts after receiving written notice from the department. Such penalty may be collected in the manner prescribed for the collection of fees for the examination of such bank.Source   Laws 1923, c. 191, § 33, p. 456;   C.S.1929, § 8-102;   Laws 1933, c. 18, § 5, p. 136;   C.S.Supp.,1941, § 8-102;   R.S.1943, § 8-105;   Laws 1963, c. 29, § 7, p. 136;  Laws 2017, LB140, § 8.  Annotations Bank officer must enter up transaction at once. State ex rel. Sorensen v. Citizens State Bank of Wahoo, 124 Neb. 846, 248 N.W. 388 (1933).
NE Code § 8-108 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-108 - Director; financial institution examination; powers; procedure; charge.

8-108.  Director; financial institution examination; powers; procedure; charge.(1)(a) The director, his or her deputy, or any duly appointed examiner has the authority to make a thorough examination into all the books, papers, and affairs of any bank or other financial institution chartered by the department or its holding company, if any, and in so doing to administer oaths and affirmations, to examine on oath or affirmation the officers, agents, and clerks of such financial institution or its holding company, if any, touching the matter which they may be authorized and directed to inquire into and examine, and to subpoena the attendance of any person or persons in this state to testify under oath or affirmation in relation to the affairs of such financial institution or its holding company, if any. The director, deputy, or examiner has the authority to examine and monitor by electronic means the books, papers, and affairs of any financial institution or the holding company of a financial institution. The director may provide any examination or report to the Federal Deposit Insurance Corporation, the Federal Reserve Board, the Comptroller of the Currency, the Consumer Financial Protection Bureau, or a foreign state agency.(b) The director may accept any examination or report from a foreign state agency and may accept any examination or report from the Federal Deposit Insurance Corporation, the Federal Reserve Board, the Comptroller of the Currency, or the Consumer Financial Protection Bureau in lieu of an examination or report required under the Nebraska Banking Act. Any such examination or report accepted by the director remains the property and confidential record of the foreign state agency or federal agency which provided the examination or report to the director. A request or subpoena for any such examination or report shall be directed to the foreign state agency or federal agency which provided the examination or report to the director.(2) The department has the authority to examine the books, papers, and affairs of any electronic data processing center which has contracted with a financial institution to conduct the financial institution's electronic data processing business. The department may charge the electronic data processing center for the time spent by examiners in such examination at the rate set forth in section 8-606 for examiners' time spent in examinations of financial institutions.Source   Laws 1909, c. 10, § 8, p. 69;   R.S.1913, § 287;   Laws 1919, c. 190, tit. V, art. XVI, § 6, p. 687;   C.S.1922, § 7987;   Laws 1923, c. 191, § 8, p. 441;   C.S.1929, § 8-118;   Laws 1933, c. 18, § 13, p. 142;   C.S.Supp.,1941, § 8-118;   R.S.1943, § 8-115;   Laws 1963, c. 29, § 8, p. 137;   Laws 1985, LB 653, § 2;   Laws 1988, LB 375, § 3;   Laws 1992, LB 757, § 2;  Laws 2007, LB124, § 1;  Laws 2013, LB213, § 2;  Laws 2017, LB140, § 9.
NE Code § 8-109 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-109 - Financial institution examiner; failure to report unlawful conduct or unsafe condition; penalty.

8-109.  Financial institution examiner; failure to report unlawful conduct or unsafe condition; penalty.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.
NE Code § 8-110 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-110 - Banks; bonds; filing; approval; requirements; open to inspection.

8-110.  Banks; bonds; filing; approval; requirements; open to inspection.The department shall require each bank to obtain a fidelity bond, naming the bank as obligee, in an amount to be fixed by the director. The bond shall be issued by an authorized insurer and shall be conditioned to protect and indemnify the bank from loss which it may sustain, of money or other personal property, including that for which the bank is responsible through or by reason of the fraud, dishonesty, forgery, theft, embezzlement, wrongful abstraction, misapplication, misappropriation, or any other dishonest or criminal act of or by any of its officers or employees. Such bond may contain a deductible clause in an amount to be approved by the director. An executed copy of the bond shall be filed with and approved by the director and shall remain a part of the records of the department. The director may provide for such copies to be filed electronically. If the premium of the bond is not paid, the bond shall not be canceled or subject to cancellation unless at least ten days' advance notice, in writing, is filed with the department. No bond which is current with respect to premium payments shall be canceled or subject to cancellation unless at least forty-five days' advance notice, in writing, is filed with the department. The bond shall be open to public inspection during the office hours of the department. In the event a bond is canceled, the director may take whatever action he or she deems appropriate in connection with the continued operation of the bank involved.Source   C.S.1929, § 8-103;   Laws 1930, Spec. Sess., c. 6, § 13, p. 32;   Laws 1933, c. 18, § 6, p. 137;   C.S.Supp.,1941, § 8-103;   R.S.1943, § 8-106;   Laws 1963, c. 29, § 10, p. 138;   Laws 1973, LB 164, § 2;   Laws 1979, LB 220, § 1;   Laws 1985, LB 653, § 3;  Laws 2017, LB140, § 11.  Annotations Each executive officer of a state bank is required by this section to give a surety bond to protect it from pecuniary loss sustained by it through forbidden acts committed directly by him or by connivance with others. Luikart v. Flannigan, 130 Neb. 901, 267 N.W. 165 (1936).
NE Code § 8-111 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-111 - Director; real estate; power to convey; execution of conveyance.

8-111.  Director; real estate; power to convey; execution of conveyance.The director may convey any real estate title which is vested in the department by operation of law or otherwise. Such conveyance shall be signed by the director, sealed with the seal of the department, and acknowledged by the director.Source   Laws 1925, c. 30, § 7, p. 127;   Laws 1929, c. 38, § 20, p. 167;   C.S.1929, § 8-112;   Laws 1933, c. 18, § 10, p. 140;   C.S.Supp.,1941, § 8-112;   R.S.1943, § 8-109;   Laws 1963, c. 29, § 11, p. 138;  Laws 2017, LB140, § 12.
NE Code § 8-114 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-114 - Banks; corporate status required; unlawful banking; penalty.

8-114.  Banks; corporate status required; unlawful banking; penalty.(1) It is unlawful for any person to conduct a bank within this state except by means of a corporation duly organized for such purpose under the laws of this state. It is unlawful for any corporation to receive money upon deposit or conduct a bank under the laws of this state until such corporation has complied with all the provisions and requirements of the Nebraska Banking Act.(2) Any violation of this section is a Class V misdemeanor for each day of the continuation of such offense and is cause for the appointment of a receiver as provided in the act to wind up such banking business.Source   Laws 1909, c. 10, § 2, p. 66;   R.S.1913, § 281;   Laws 1919, c. 190, tit. V, art. XVI, § 3, p. 686;   C.S.1922, § 7984;   C.S.1929, § 8-115;   R.S.1943, § 8-111;   Laws 1963, c. 29, § 14, p. 139;   Laws 1977, LB 40, § 39;   Laws 1987, LB 2, § 3;   Laws 1998, LB 1321, § 3;  Laws 2017, LB140, § 15.  Annotations  Where a federal savings and loan association installs a computer in a store to facilitate electronic transfer of funds between the association and its depositors, the store operator, by manning the computer, is not engaging in a banking or savings and loan business. State ex rel. Meyer v. American Community Stores Corp., 193 Neb. 634, 228 N.W.2d 299 (1975). It is unlawful to conduct a bank except by means of a corporation. First Nat. Bank & Trust Co. v. Ley, 182 Neb. 164, 153 N.W.2d 743 (1967).
NE Code § 8-115 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-115 - Banks; digital asset depositories; charter or grant of authority required.

8-115.  Banks; digital asset depositories; charter or grant of authority required.No corporation shall conduct a bank or digital asset depository in this state without having first obtained a charter or under a grant of authority in the case of a digital asset depository in the manner provided in the Nebraska Banking Act or the Nebraska Financial Innovation Act, respectively.Source   Laws 1909, c. 10, § 11, p. 71;   R.S.1913, § 290;   Laws 1919, c. 190, tit. V, art. XVI, § 9, p. 689;   C.S.1922, § 7990;   C.S.1929, § 8-120;   Laws 1933, c. 18, § 15, p. 143;   C.S.Supp.,1941, § 8-120;   R.S.1943, § 8-117;   Laws 1963, c. 29, § 15, p. 140;   Laws 1987, LB 2, § 4;   Laws 1998, LB 1321, § 4;  Laws 2021, LB649, § 36.   Operative Date: October 1, 2021  Cross References  Nebraska Financial Innovation Act, see section 8-3001.Annotations  When application is made for charter, it is the duty of state officials to investigate and determine integrity and responsibility of applicants for charter. Shumway v. Warrick, 108 Neb. 652, 189 N.W. 301 (1922). State Banking Board did not abuse discretion in refusing charter where evidence of unfitness and unfavorable financial ability was presented. In re Commercial State Bank, 105 Neb. 248, 179 N.W. 1021 (1920). Refusal to grant charter is not justified where required capital paid in and proposed stockholders show requisite qualifications. State ex rel. Woolridge v. Morehead, 100 Neb. 864, 161 N.W. 569 (1917), L.R.A. 1917D 310 (1917). Discretionary power given to state officials to refuse charter to savings bank to be conducted in same room and with same directors as national bank. State ex rel. Chamberlin v. Morehead, 99 Neb. 146, 155 N.W. 879 (1915). Even though issued a charter under state law, state bank which becomes a member of Federal Deposit Insurance Corporation thereby becomes an instrumentality of United States, and federal statute forbidding embezzlement of funds of member bank applies to officer of such bank. United States v. Doherty, 18 F.Supp. 793 (D. Neb. 1937), affirmed 94 F.2d 495 (8th Cir. 1938).
NE Code § 8-116 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-116 - Banks; capital stock; amount required.

8-116.  Banks; capital stock; amount required.(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.(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.
NE Code § 8-116.01 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-116.01 - Banks; capital notes and debentures; issuance; conditions.

8-116.01.  Banks; capital notes and debentures; issuance; conditions.With the approval of the director, any bank may at any time, through action of its board of directors and without requiring any action of its stockholders, issue and sell its capital notes or debentures. Such capital notes or debentures shall be subordinate and subject to the claims of depositors and may be subordinated and subjected to the claims of other creditors. Before any such capital notes or debentures are retired or paid by the bank, any existing deficiency of its capital, disregarding the notes or debentures to be retired, must be paid in, in cash, to the end that the sound capital assets shall at least equal the capital or capital stock of the bank. Such capital notes or debentures shall in no case be subject to any assessment. The holders of such capital notes or debentures shall not be held individually responsible as such holders for any debts, contracts, or engagements of such bank and shall not be held liable for assessments to restore impairments in the capital of such bank.Source   Laws 1935, c. 8, § 11, p. 76;   C.S.Supp.,1941, § 8-411;   R.S.1943, § 8-710;   Laws 1961, c. 14, § 9, p. 109;   R.R.S.1943, § 8-710;   Laws 1973, LB 164, § 5;  Laws 2003, LB 217, § 3;  Laws 2005, LB 533, § 3;  Laws 2017, LB140, § 17.
NE Code § 8-118 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-118 - Banks; unlawful promotion; sale of stock prior to issuance of charter; penalty.

8-118.  Banks; unlawful promotion; sale of stock prior to issuance of charter; penalty.(1) It shall be unlawful for any person for hire (a) to promote or attempt to promote the organization of a corporation to conduct the business of a bank in this state or (b) to sell the capital stock of such a corporation prior to the issuance of a charter to such corporation authorizing its operation as a bank.(2) Any person violating the provisions of this section is guilty of a Class II misdemeanor.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. 96;   C.S.Supp.,1941, § 8-122;   Laws 1943, c. 19, § 3(4), p. 103;   R.S.1943, § 8-122;   Laws 1959, c. 15, § 6, p. 134;   R.R.S.1943, § 8-122;   Laws 1963, c. 29, § 18, p. 141;   Laws 1967, c. 19, § 5, p. 119;   Laws 1973, LB 164, § 6;   Laws 1977, LB 40, § 40;  Laws 2017, LB140, § 19.
NE Code § 8-119 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-119 - Capital stock; sale; compensation prohibited; false statement; penalties.

8-119.  Capital stock; sale; compensation prohibited; false statement; penalties.No corporation organized for the purpose of conducting a bank under the laws of this state shall be granted the charter provided in section 8-122 until the corporation has filed with the department a statement, under oath, of the president or cashier of such corporation that no premium, bonus, commission, compensation, reward, salary, or other form of remuneration has been paid, or promised to be paid, to any person for selling the stock of such corporation. The president or cashier of any such corporation who shall be found guilty of filing a false statement under the provisions of this section is guilty of a Class I misdemeanor. If, after such charter has been delivered, the director determines, after a public hearing, that such statement is false, the department shall cancel such charter, and a receiver shall be appointed for such corporation in the manner provided for in case of a corporation which is conducting a bank in an unsafe or unauthorized manner.Source   Laws 1919, c. 190, tit. V, art. XVI, § 54, p. 708;   C.S.1922, § 8034;   C.S.1929, § 8-128;   R.S.1943, § 8-130;   Laws 1963, c. 29, § 19, p. 141;   Laws 1967, c. 19, § 5, p. 119;   Laws 1973, LB 164, § 7;   Laws 1977, LB 40, § 41;  Laws 2017, LB140, § 20.  Annotations This section is referred to as providing penalty of fine and imprisonment, in contrasting this section with another section of the banking act which failed to provide a penalty, and holding that the failure to provide a penalty disclosed legislative intent that statute should be directory rather than mandatory. State ex rel. Davis v. Farmers State Bank of Winside, 112 Neb. 597, 200 N.W. 173 (1924).
NE Code § 8-120 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-120 - Corporation; application to conduct, merge, or transfer bank; contents.

8-120.  Corporation; application to conduct, merge, or transfer bank; contents.(1) Every corporation organized for and desiring to conduct a bank or to conduct a bank for purposes of a merger with an existing bank shall make under oath and transmit to the department a complete detailed application giving (a) the name of the proposed bank; (b) a copy of the proposed articles of incorporation; (c) the names of the stockholders; (d) the county, city, or village and the exact location therein in which such bank is proposed to be located; (e) the nature of the proposed banking business; (f) the proposed amounts of paid-up capital stock and surplus, and the items of actual cash and property, as reported and approved at a meeting of the stockholders, to be included in such amounts; and (g) a statement that at least twenty percent of the amounts stated in subdivision (f) of this subsection have in fact been paid in to the corporation by its stockholders.(2) In the case of a merger, the existing bank which is to be merged into shall complete an application and meet the requirements of this section.(3) This section also applies when application is made for transfer of a bank charter and move of a bank's main office to any location other than (a) within the corporate limits of the city or village of its original charter, (b) within the county in which it is located if such bank charter is not located in a city or village, or (c) as provided in subdivision (6) of section 8-115.01.Source   Laws 1909, c. 10, § 15, p. 74;   R.S.1913, § 294;   Laws 1919, c. 190, tit. V, art. XVI, § 15, p. 691;   Laws 1921, c. 313, § 1, p. 1001;   C.S.1922, § 7996;   C.S.1929, § 8-126;   Laws 1933, c. 18, § 17, p. 143;   C.S.Supp.,1941, § 8-126;   R.S.1943, § 8-128;   Laws 1959, c. 15, § 9, p. 135;   R.R.S.1943, § 8-128;   Laws 1963, c. 29, § 20, p. 142;   Laws 1967, c. 19, § 7, p. 120;   Laws 1980, LB 916, § 1;  Laws 2002, LB 957, § 2;  Laws 2005, LB 533, § 4;  Laws 2008, LB851, § 3;  Laws 2017, LB140, § 21.  Annotations  Where it appears in an error proceeding that an administrative agency acted within its jurisdiction and there is some competent evidence to sustain its findings and order, the order will be sustained. First Nat. Bank of Bellevue v. Southroads Bank, 189 Neb. 748, 205 N.W.2d 346 (1973). Preliminary statement, without articles of incorporation, was sufficient. First Nat. Bank & Trust Co. of Beatrice v. Ley, 182 Neb. 164, 153 N.W.2d 743 (1967).
NE Code § 8-123 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-123 - Transferred to section 8-1902.

8-123.  Transferred to section 8-1902.
NE Code § 8-124 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-124 - Banks; board of directors; president; meetings; examination; audit.

8-124.  Banks; board of directors; president; meetings; examination; audit.(1) The affairs and business of any bank shall be managed or controlled by a board of directors of not less than five and not more than twenty-five members, who shall be selected at such time and in such manner as may be provided by the articles of incorporation of the corporation and in conformity with the Nebraska Banking Act. The board of directors shall select a president. No person shall act as president if he or she is not a member of the board of directors.(2) The board of directors shall hold at least one regular meeting in each calendar quarter, and at one of such meetings in each year a thorough examination of the books, records, funds, and securities held by the bank shall be made and recorded in detail upon its record book. In lieu of the one annual examination required, the board of directors may accept one annual audit by an accountant or accounting firm approved by the Director of Banking and Finance.Source   Laws 1909, c. 10, § 26, p. 78;   Laws 1911, c. 8, § 26, p. 81;   R.S.1913, § 305;   Laws 1919, c. 190, tit. V, art. XVI, § 26, p. 696;   C.S.1922, § 8007;   C.S.1929, § 8-138;   R.S.1943, § 8-140;   Laws 1961, c. 15, § 4, p. 112;   R.R.S.1943, § 8-140;   Laws 1963, c. 29, § 24, p. 143;   Laws 1967, c. 21, § 1, p. 123;   Laws 1973, LB 164, § 9;   Laws 1974, LB 721, § 2;   Laws 1987, LB 2, § 6;   Laws 1998, LB 1321, § 6;  Laws 2005, LB 533, § 5;  Laws 2007, LB124, § 3;  Laws 2017, LB140, § 23.  Annotations  Terms of office of a bank officer are required to be for one year. Sullivan v. David City Bank, 181 Neb. 395, 148 N.W.2d 844 (1967). Person who permits himself to be held out as director of bank is estopped to deny that he was owner of sufficient shares in his own right to qualify as director. Kienke v. Kirsch, 121 Neb. 688, 238 N.W. 33 (1931). Buying capital stock of rival bank not an ordinary banking transaction within the powers of a stockholder, the president, a single director, or all combined. Cooper v. Bane, 110 Neb. 83, 196 N.W. 119 (1923).
NE Code § 8-124.01 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-124.01 - Banks; board of directors; vacancy; notice; filling; application for approval.

8-124.01.  Banks; board of directors; vacancy; notice; filling; application for approval.At any time that a vacancy on the board of directors of a bank occurs, the bank shall, within thirty days, notify the department of the vacancy. Vacancies shall be filled within ninety days by appointment by the remaining directors, and any director so appointed shall serve until the next election of directors, except that if the vacancy created leaves a minimum of five directors, appointment shall be optional. When the vacancy has been filled, the bank shall make application to the department for approval of the director appointed in accordance with section 8-126.Source   Laws 1973, LB 164, § 10;   Laws 1995, LB 599, § 1;  Laws 2017, LB140, § 24.