reglab/housing_qa huggingface dataset:
NE Code § 8-322 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-322 - Membership in Federal Home Loan Bank authorized; power to utilize federal agencies; power to obtain advances; use of funds.

8-322.  Membership in Federal Home Loan Bank authorized; power to utilize federal agencies; power to obtain advances; use of funds.Any building and loan association is hereby authorized (1) to subscribe for the stock of and to become a member of the Federal Home Loan Bank for the district in which it may be located or for the stock of a Federal Home Loan Bank of an adjoining district if demanded by convenience; (2) to obtain advances from the Federal Home Loan Bank System, under the rules and regulations promulgated by the bank of which the association is a member, to obtain advances from any other corporation or agency established by or under authority of the United States Government, and to assign its mortgages or such other assets as may be required as security therefor; and (3) to do and perform such acts as may be necessary and required to avail to it all the advantages and privileges offered by the Federal Home Loan Bank or offered by any other corporation or agency established under the authority of the United States Government or any instrumentality of the United States Government.Source   Laws 1933, c. 25, § 1, p. 198;   Laws 1935, c. 14, § 3, p. 85;   Laws 1937, c. 14, § 1, p. 120;   Laws 1941, c. 90, § 32, p. 359;   C.S.Supp.,1941, § 8-309;   Laws 1943, c. 14, § 1(4), p. 79;   R.S.1943, § 8-322;   Laws 1957, c. 14, § 1, p. 137.
NE Code § 8-323 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-323 - Mortgages; assignment to Home Owners' Loan Corporation authorized; condition.

8-323.  Mortgages; assignment to Home Owners' Loan Corporation authorized; condition.Any building and loan association is hereby authorized, with the approval of its board of directors, to assign its mortgages and the evidence of debt secured thereby to the Home Owners' Loan Corporation created by act of Congress of the United States under the act cited as the Home Owners' Loan Act of 1933, or such other corporation as may be created by authority of the United States Government, or as an instrumentality of the United States Government, and to accept as consideration for such assignment, cash or bonds of such Home Owners' Loan Corporation or such other corporation as may be created by authority of the United States Government, or as an instrumentality of the United States Government; Provided, that no mortgage given by any member of such association shall be so assigned without the written consent of the borrowing member.Source   Laws 1933, c. 25, § 1, p. 198;   Laws 1935, c. 14, § 3, p. 85;   Laws 1937, c. 14, § 1, p. 120;   C.S.Supp.,1939, § 8-309;   Laws 1941, c. 90, § 32, p. 359;   C.S.Supp.,1941, § 8-309;   Laws 1943, c. 14, § 1(5), p. 80;   R.S.1943, § 8-323.
NE Code § 8-324 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-324 - Stock; availability for purchase of real estate or payment of loan.

8-324.  Stock; availability for purchase of real estate or payment of loan.Any association, at the discretion of its officers and directors, and with the consent and approval of the Department of Banking and Finance, may accept its stock at the withdrawal value of such shares, to apply on the purchase at its fair market value, of any real estate owned by such association, or to apply in payment or reduction of any loans or contracts of sale on which, in the judgment of the officers and directors, there may be an eventual loss, whether or not notice for withdrawal of such shares shall have been filed, and such action shall not be considered prejudicial to the rights of any stockholders to whom payment on withdrawal notices is being delayed.Source   Laws 1933, c. 25, § 1, p. 199;   Laws 1935, c. 14, § 3, p. 86;   Laws 1937, c. 14, § 1, p. 120;   Laws 1941, c. 90, § 32, p. 359;   C.S.Supp.,1941, § 8-309;   Laws 1943, c. 14, § 1(6), p. 80;   R.S.1943, § 8-324.
NE Code § 8-325 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-325 - Real estate; acquisition and disposal; powers; limitations.

8-325.  Real estate; acquisition and disposal; powers; limitations.Such association may purchase, hold, lease and convey real estate or stock for the following purposes and no others:(1) Such real estate as it may need to occupy as a place of business;(2) Such as shall in good faith be conveyed to it in satisfaction of debts contracted in the ordinary course of business;(3) Such as it shall purchase at sales under judgments, decrees or mortgages held by the association, or shall purchase in good faith to secure debts due;(4) Such as it shall in good faith acquire as a part of the consideration for the sale or exchange of real estate owned by it;(5) Such as shall be acquired in salvaging the value of property owned by the association; and(6) Such as is permitted building and loan service corporations under section 8-320.01. Nothing in this section shall be construed to forbid the mortgaging of real estate to such associations.Source   Laws 1899, c. 17, § 9, p. 89;   R.S.1913, § 494;   Laws 1919, c. 190, tit. V, art. XIX, § 10, p. 728;   C.S.1922, § 8092;   C.S.1929, § 8-310;   Laws 1935, c. 11, § 1, p. 80;   C.S.Supp.,1941, § 8-310;   R.S.1943, § 8-325;   Laws 1969, c. 38, § 1, p. 246. Annotations Association must dispose of title and possession to property held for five years. State ex rel. Johnson v. Conservative Savings and Loan Assn., 143 Neb. 805, 11 N.W.2d 89 (1943).
NE Code § 8-327 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-327 - Dividends; how and when paid.

8-327.  Dividends; how and when paid.Every association of the character defined in section 8-326, shall be required, at least annually, to transfer the residue of earnings, after paying expenses and setting aside a sum for the reserve funds as herein provided, as a dividend to members holding share accounts. All such members shall participate in earnings pro rata to the withdrawal value of their respective accounts, except that an association may classify its share accounts according to the character, amount, or duration thereof, or regularity of additions thereto, and may agree in advance to pay an additional rate of earnings, over and above the minimum rate of earnings paid on share accounts, on accounts based on such classifications, and shall regulate such earnings in such manner that each share account in the same classification shall receive the same ratable portion of such additional earnings. Earnings may be declared on the withdrawal value of each share account at the beginning of the accounting period, plus additions thereto made during the period, less amounts previously withdrawn and amounts covered by notice for withdrawal which for earnings purposes shall be deducted from the latest previous additions thereto, computed at the declared rate for the time the funds have been invested determined as next provided. The date of investment shall be the date of actual receipt by the association of an account or an addition to an account, except that if the board of directors shall so determine, accounts in one or more classifications or additions thereto received by the association on or before a date not later than the twentieth day of the month, unless the day determined is not a business day and in such case it may be the next succeeding business day, shall receive earnings as if invested on the first day of the month in which such payments were received; and if the board shall make such determination, it also shall determine that payments received subsequent to such determination date shall either (1) receive earnings as if invested on the first day of the next succeeding month, or (2) receive earnings from the date of actual receipt by the association. The directors shall determine by resolution the method of calculating the amount of any earnings on share accounts as herein provided, and the time or times when earnings are to be declared, paid, or credited, but the association shall not be required to credit or pay dividends on inactive share accounts of fifty dollars or less.Source   Laws 1899, c. 17, § 11, p. 90;   R.S.1913, § 496;   Laws 1919, c. 190, tit. V, art. XIX, § 12, p. 729;   C.S.1922, § 8094;   C.S.1929, § 8-312;   Laws 1941, c. 12, § 2, p. 85;   C.S.Supp.,1941, § 8-312;   R.S.1943, § 8-327;   Laws 1967, c. 26, § 1, p. 135.
NE Code § 8-329 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-329 - Taxation; real estate.

8-329.  Taxation; real estate.The real estate of such associations shall be subject to taxation in the same manner as provided by law in the case of other corporations and individuals.Source   Laws 1899, c. 17, § 14, p. 91;   R.S.1913, § 498;   Laws 1919, c. 190, tit. V, art. XIX, § 14, p. 730;   C.S.1922, § 8096;   C.S.1929, § 8-314;   R.S.1943, § 8-329;   Laws 1959, c. 22, § 1, p. 152;   Laws 1971, LB 3, § 1.
NE Code § 8-331 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-331 - Articles of incorporation; bylaws; filing; certificate of approval; application; contents; approval by Department of Banking and Finance.

8-331.  Articles of incorporation; bylaws; filing; certificate of approval; application; contents; approval by Department of Banking and Finance.Every association shall adopt articles of incorporation and bylaws. A copy of the articles of incorporation and bylaws of every such association shall be filed in the office of the Department of Banking and Finance, together with an application for a certificate of approval and payment of the examination fee prescribed by section 8-602. The application shall furnish and set forth facts and information desired by the Department of Banking and Finance. The department, upon completion of its investigations and its examination of the articles, bylaws, and application for certificate of approval, shall issue a certificate of approval of the association and articles of incorporation and bylaws, but no such certificate of approval shall be issued unless and until the department has determined:(1) That the articles of incorporation and bylaws conform to the requirements of sections 8-301 to 8-384 and contain a just and equitable plan for the management of the association's business;(2) That the persons organizing the association are of good character and responsibility;(3) That in its judgment a need exists for such an institution in the community to be served;(4) That there is a reasonable probability of its usefulness and success; and(5) That the same can be established without undue injury to properly conducted existing local building and loan associations.No such association shall transact any business, except the execution of its articles of incorporation, the adoption of bylaws, and the election of directors and officers, until it has procured a certificate of approval under this section. No amendment of the articles of incorporation or bylaws of any such association shall become operative until a copy of the amendment has been filed and a certificate of approval obtained under this section in regard to the original articles of incorporation and bylaws.Source   Laws 1899, c. 17, § 15, p. 92;   R.S.1913, § 500;   Laws 1919, c. 190, tit. V, art. XIX, § 16, p. 730;   C.S.1922, § 8098;   C.S.1929, § 8-136;   R.S.1943, § 8-331;   Laws 1949, c. 11, § 1, p. 72;   Laws 1957, c. 10, § 3, p. 130;   Laws 1978, LB 717, § 5;  Laws 2000, LB 932, § 10;  Laws 2005, LB 533, § 18. Annotations Requirements hereof apply to application for branch office. First Fed. Sav. & Loan Assn. v. Department of Banking, 187 Neb. 562, 192 N.W.2d 736 (1971).
NE Code § 8-332 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-332 - Annual statement; publication; special reports; violation; penalty.

8-332.  Annual statement; publication; special reports; violation; penalty.Every such association shall, at the close of business on June 30 of each year and at such other times as required by the Department of Banking and Finance, file in the office of the department, within thirty days after the receipt of a request for a requisition therefor, a statement verified by the oath of its president or secretary and approved by three of its directors in such form as may be prescribed by the department, setting forth its actual financial condition and the amount of its assets and liabilities and furnishing such other information as to its affairs as the department may require. A copy of such annual statement shall be published in a newspaper of general circulation, in the county where such association is located, three consecutive times, and due proof of such publication, by affidavit, shall be filed with the department. The department may call for special reports from any such association whenever in its judgment such reports may be necessary or advisable, but no other or further notice or statement of the amount of the existing debts of such corporation shall be required to be published than that on June 30. Any association failing to comply with this section shall pay to the department fifty dollars for each day such noncompliance continues unless the department extends the filing deadlines for such reports and proofs of publication.Source   Laws 1899, c. 17, § 16, p. 93;   R.S.1913, § 501;   Laws 1919, c. 190, tit. V, art. XIX, § 17, p. 731;   C.S.1922, § 8099;   C.S.1929, § 8-317;   R.S.1943, § 8-332;   Laws 1988, LB 993, § 1. Annotations A false entry under this section is one that is knowingly made with intent to deceive examiner, and an incorrect entry made to correct a mistake in bookkeeping and to make account more nearly speak the truth is not made criminal. Fricke v. State, 112 Neb. 767, 201 N.W. 667 (1924).
NE Code § 8-333 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-333 - False statement or book entry; penalty.

8-333.  False statement or book entry; penalty.Every person who shall willfully or knowingly subscribe, or make, or cause to be made, any false statement or any false entries in any book of any association organized for the purpose set forth in section 8-302, or exhibit any false paper with the intent to deceive any person authorized to examine into the affairs of such association, or shall make, state or publish any false statement of the financial condition of such association, shall be guilty of a Class IV felony.Source   Laws 1899, c. 17, § 17, p. 93;   R.S.1913, § 502;   Laws 1919, c. 190, tit. V, art. XIX, § 18, p. 731;   C.S.1922, § 8100;   C.S.1929, § 8-318;   R.S.1943, § 8-333;   Laws 1977, LB 40, § 57.
NE Code § 8-334 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-334 - Liquidation; insolvency; powers and duties of Department of Banking and Finance; writs of assistance.

8-334.  Liquidation; insolvency; powers and duties of Department of Banking and Finance; writs of assistance.Whenever it appears to the Department of Banking and Finance that the assets of any association or corporation organized under the laws of this state for the purpose set forth in section 8-302 do not equal the liabilities, that it is conducting its business in an unsafe or unauthorized manner, that it is jeopardizing the interest of its members, or that it is unsafe for such association or corporation to transact business, the department shall take possession of the books, records, and assets of every description of such association or corporation, and the department shall have full authority to retain such possession as against any mesne or final process issued by any court against such association or corporation whose property has been taken possession of by the department, pending the further proceedings specified in sections 8-301 to 8-340.01. If such possession is refused by the secretary, managing officer, or person in charge of such association or corporation, the department shall communicate such fact to the Attorney General together with a copy of such order of possession and it shall become the duty of the Attorney General to apply to the Court of Appeals or to the district court or county court of the county where such association or corporation is located or to a judge of any such court for a writ of assistance in placing the department in immediate possession of such association or corporation. It shall be sufficient to authorize the issuance of the writ and the taking possession of such association or corporation under the writ if it is made to appear that possession was refused.Source   Laws 1899, c. 17, § 19a, p. 94;   R.S.1913, § 504;   Laws 1919, c. 190, tit. V, art. XIX, § 20, p. 732;   C.S.1922, § 8102;   C.S.1929, § 8-319;   R.S.1943, § 8-334;   Laws 1991, LB 732, § 15;  Laws 2000, LB 932, § 11. Annotations  A borrowing member upon insolvency is required to repay what he actually received, with interest, and is entitled, after debts are paid, to a pro rata dividend with nonborrowing member for what he has paid. Saunders v. State Savings & Loan Assn., 121 Neb. 473, 237 N.W. 572 (1931). Alleged sovereign right of city of Lincoln to priority of payment out of assets of bankrupt trust company is inconsistent with Nebraska legislation and not within the common law of the state. City of Lincoln, Neb. v. Ricketts, 84 F.2d 795 (8th Cir. 1936).
NE Code § 8-335 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-335 - Liquidation; insolvency; special shareholders' meeting; report of department.

8-335.  Liquidation; insolvency; special shareholders' meeting; report of department.The Department of Banking and Finance shall, within ten days next after acquiring possession of such association, convene a special meeting of the shareholders. Notice of such special meeting shall be given by publication in a newspaper of general circulation in the county where such association is located and by written or printed notice posted in a conspicuous place in the office or place of business of the association. At such meeting the department shall present a full report of the affairs and condition of such association as found by its examination thereof.Source   Laws 1899, c. 17, § 19b, p. 95;   R.S.1913, § 505;   Laws 1919, c. 190, tit. V, art. XIX, § 21, p. 733;   C.S.1922, § 8103;   C.S.1929, § 8-320;   R.S.1943, § 8-335.
NE Code § 8-336 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-336 - Liquidation; insolvency; inventory; collection of assets; expenses.

8-336.  Liquidation; insolvency; inventory; collection of assets; expenses.The Department of Banking and Finance, or any person authorized by it, shall, after having taken possession of the association under section 8-334, and pending the further proceedings specified in sections 8-301 to 8-340.01, prepare, or have prepared, a full and true exhibit of the affairs, property, and condition of such association, including an itemized statement of all its assets and liabilities. The department shall also receive and collect all debts, dues, and claims belonging to it, pay the immediate and reasonable expense of its trust, receive and receipt for all monthly payments becoming due after the date of coming into possession of the association, and keep the same separate and apart from the other money and effects of such association.Source   Laws 1899, c. 17, § 19c, p. 96;   R.S.1913, § 506;   Laws 1919, c. 190, tit. V, art. XIX, § 22, p. 733;   C.S.1922, § 8104;   C.S.1929, § 8-321;   R.S.1943, § 8-336;  Laws 2000, LB 932, § 12.
NE Code § 8-337 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-337 - Insolvency; reorganization; surrender of assets by Department of Banking and Finance.

8-337.  Insolvency; reorganization; surrender of assets by Department of Banking and Finance.If at the special meeting of the shareholders they shall vote to reorganize such association, the Department of Banking and Finance, upon the consummation of the reorganization thereof, and the approval of the department, shall turn over to the new management all the books, papers and effects of every description in its hands belonging to such association.Source   Laws 1899, c. 17, § 19d, p. 96;   R.S.1913, § 507;   Laws 1919, c. 190, tit. V, art. XIX, § 23, p. 733;   C.S.1922, § 8105;   C.S.1929, § 8-322;   R.S.1943, § 8-337.
NE Code § 8-338 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-338 - Voluntary liquidation; disposition of payments, other property; duty of Department of Banking and Finance.

8-338.  Voluntary liquidation; disposition of payments, other property; duty of Department of Banking and Finance.If at the special meeting of the shareholders they shall vote to go into voluntary liquidation or to otherwise close up or discontinue the business of such association, the Department of Banking and Finance shall return to the shareholders all monthly payments and other payments on subscriptions for stock received and receipted for by it, and which became due and payable after the date of taking possession. All books, papers and effects of every description in its hands, belonging to such association not so returnable, shall be turned over and delivered to the person or persons entitled thereto.Source   Laws 1899, c. 17, § 19e, p. 96;   R.S.1913, § 508;   Laws 1919, c. 190, tit. V, art. XIX, § 24, p. 733;   C.S.1922, § 8106;   C.S.1929, § 8-323;   R.S.1943, § 8-338.  Annotations Borrowing member is entitled to pro rata dividend on shares after assets reduced to money and debts paid. Saunders v. State Savings & Loan Assn., 121 Neb. 473, 237 N.W. 572 (1931).
NE Code § 8-339 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-339 - Involuntary liquidation; duty of Department of Banking and Finance.

8-339.  Involuntary liquidation; duty of Department of Banking and Finance.If the Department of Banking and Finance after having called a meeting of the shareholders as herein provided, shall find that the association cannot be reorganized or that voluntary liquidation by the shareholders cannot be had or consummated, the department shall take charge of such building and loan association and proceed to liquidate such association in the manner provided for the liquidation of insolvent banks.Source   Laws 1899, c. 17, § 19f, p. 97;   R.S.1913, § 509;   Laws 1919, c. 190, tit. V, art. XIX, § 25, p. 734;   C.S.1922, § 8107;   C.S.1929, § 8-324;   Laws 1933, c. 18, § 85, p. 179;   C.S.Supp.,1941, § 8-324;   R.S.1943, § 8-339.  Annotations Alleged sovereign right to city of Lincoln to priority of payment out of assets of bankrupt trust company is inconsistent with Nebraska legislation and not within the common law of the state. City of Lincoln, Neb. v. Ricketts, 84 F.2d 795 (8th Cir. 1936).
NE Code § 8-340 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-340 - Rules and regulations.

8-340.  Rules and regulations.The Department of Banking and Finance has power to make such rules and regulations for the government of all associations of the character defined in sections 8-301 to 8-340.01 as may, in its judgment, seem wise and expedient.Source   Laws 1899, c. 17, § 20, p. 98;   R.S.1913, § 510;   Laws 1919, c. 190, tit. V, art. XIX, § 26, p. 734;   C.S.1922, § 8108;   C.S.1929, § 8-325;   R.S.1943, § 8-340;  Laws 2000, LB 932, § 13. Cross References  For adoption and promulgation of administrative rules, see Administrative Procedure Act, section 84-920.