reglab/housing_qa huggingface dataset:
NE Code § 8-125 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-125 - Banks; board of directors; meetings; record; contents; publication.

8-125.  Banks; board of directors; meetings; record; contents; publication.A full and complete record of the proceedings and business of all meetings of the board of directors shall be recorded in the bank's minutes. Such record of the meetings shall show the gross earnings and disposition thereof by indicating expenses and taxes paid, worthless items charged off, depreciation in assets, amount carried to surplus fund, and amount of dividend, and shall also indicate the amount of undivided profits remaining. Published statements of assets and liabilities shall show for undivided profits only the net amount after deducting all expenses.Source   Laws 1923, c. 191, § 37, p. 458;   C.S.1929, § 8-139;   R.S.1943, § 8-141;   Laws 1963, c. 29, § 25, p. 144;  Laws 2017, LB140, § 25.
NE Code § 8-126 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-126 - Bank directors; qualifications; approval by department; revocation of approval; procedure.

8-126.  Bank directors; qualifications; approval by department; revocation of approval; procedure.(1) A majority of the members of the board of directors of any bank shall have their residences in this state or within twenty-five miles of the main office of the bank. Reasonable efforts shall be made to acquire members of such board of directors from the county in which the main office of such bank is located and from counties in which branches of such bank are located.(2) Directors of banks shall be persons of good moral character, known integrity, business experience, and responsibility. No person shall act as a member of the board of directors of any bank until such bank applies for and obtains approval from the department.(3) If the department, upon investigation, determines that any director of a bank is conducting the business of the bank in an unsafe or unauthorized manner or is endangering the interests of the stockholders or depositors, the Director of Banking and Finance has the authority, following notice and opportunity for hearing, to revoke such approval to act as a member of the board of directors.(4) The Director of Banking and Finance may adopt and promulgate rules and regulations and prescribe forms to carry out this section.Source   Laws 1909, c. 10, § 12, p. 71;   R.S.1913, § 291;   Laws 1919, c. 190, tit. V, art. XVI, § 10, p. 689;   Laws 1921, c. 313, § 1, p. 1001;   C.S.1922, § 7991;   C.S.1929, § 8-121;   Laws 1935, c. 7, § 1, p. 70;   C.S.Supp.,1941, § 8-121;   R.S.1943, § 8-118;   Laws 1959, c. 15, § 2, p. 132;   R.R.S.1943, § 8-118;   Laws 1963, c. 29, § 26, p. 144;   Laws 1973, LB 164, § 11;   Laws 1986, LB 1035, § 1;   Laws 1987, LB 2, § 7;   Laws 1988, LB 996, § 1;   Laws 1989, LB 322, § 1;   Laws 1993, LB 81, § 2;   Laws 1997, LB 137, § 3;   Laws 1998, LB 1321, § 7;  Laws 2017, LB140, § 26.  Annotations Under former law a director of commercial state bank must have been the owner of at least four percent of its capital stock in his own name and right, and a person having acted as director was estopped to deny ownership of stock standing in his name. Kienke v. Hudson, 122 Neb. 475, 240 N.W. 562 (1932); Kienke v. Kirsch, 121 Neb. 688, 238 N.W. 33 (1931).
NE Code § 8-127 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-127 - List of stockholders; open to inspection; violation; penalty.

8-127.  List of stockholders; open to inspection; violation; penalty.(1) Every bank shall cause to be kept at all times a full and correct list of the names and residences of all its stockholders, the number of shares held by each, and the amount of paid-up capital represented thereby. Such list shall be subject to the inspection of all stockholders of the bank during all business hours, and shall be kept in the business office where all stockholders may have ready access to it.(2) Any person violating this section is guilty of a Class III misdemeanor.Source   Laws 1909, c. 10, § 38, p. 85;   R.S.1913, § 317;   Laws 1919, c. 190, tit. V, art. XVI, § 38, p. 701;   C.S.1922, § 8018;   C.S.1929, § 8-157;   R.S.1943, § 8-162;   Laws 1963, c. 29, § 27, p. 145;   Laws 1977, LB 40, § 42;  Laws 2017, LB140, § 27.
NE Code § 8-128 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-128 - Capital stock; increase; decrease; notice; publication; denial by director, when.

8-128.  Capital stock; increase; decrease; notice; publication; denial by director, when.The paid-in capital stock of any bank may be increased or decreased in the following manner: The stockholders at any regular meeting or at any special meeting duly called for such purpose shall by vote of those owning two-thirds of the capital stock authorize an officer of the bank to notify the department of the proposed increase or reduction of paid-in capital stock, and a notice containing a statement of the amount of any proposed reduction of paid-in capital stock shall be published for two weeks in some newspaper published and of general circulation in the county where the main office of such bank is located. Reduction of paid-in capital stock shall be discretionary with the director, but shall be denied if granting the same would reduce the paid-in capital stock below the requirements of the Nebraska Banking Act or would impair the security of the depositors. The bank shall notify the department when the proposed increase or decrease of the paid-in capital stock has been consummated.Source   Laws 1909, c. 10, § 34, p. 82;   R.S.1913, § 313;   Laws 1919, c. 190, tit. V, art. XVI, § 34, p. 699;   C.S.1922, § 8014;   C.S.1929, § 8-153;   Laws 1933, c. 18, § 34, p. 152;   C.S.Supp.,1941, § 8-153;   R.S.1943, § 8-157;   Laws 1961, c. 15, § 7, p. 113;   R.R.S.1943, § 8-157;   Laws 1963, c. 29, § 28, p. 145;   Laws 1987, LB 2, § 8;   Laws 1998, LB 1321, § 8;  Laws 2015, LB155, § 2;  Laws 2017, LB140, § 28.
NE Code § 8-129 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-129 - Stockholders' meeting; director may call; notice; expense.

8-129.  Stockholders' meeting; director may call; notice; expense.Whenever the director deems it expedient, he or she may call a meeting of the stockholders of any bank by sending notice of such meeting to each stockholder five days previous thereto. All necessary expenses incurred in the giving of such notice shall be borne by the bank whose stockholders are required to convene.Source   Laws 1933, c. 18, § 41, p. 157;   C.S.Supp.,1941, § 8-1,126;   R.S.1943, § 8-1,106;   Laws 1963, c. 29, § 29, p. 146;  Laws 2017, LB140, § 29.
NE Code § 8-130 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-130 - Federal reserve system; membership by state banks and trust companies authorized; examinations.

8-130.  Federal reserve system; membership by state banks and trust companies authorized; examinations.Any bank or trust company, organized under the laws of this state, may subscribe to the capital stock of the Federal Reserve Bank of Kansas City, Missouri, and become a member of the federal reserve system created and organized under an act of Congress of the United States, approved December 23, 1913, and known as the Federal Reserve Act, and may assume such liabilities and exercise such powers as a member of such system as are prescribed by the provisions of such act, or amendments thereto. So long as such bank or trust company shall remain a member of such system, it shall be subject to examination by the legally constituted authorities, and to all provisions of such Federal Reserve Act and regulations made pursuant thereto by the Federal Reserve Board which are applicable to such bank or trust company as a member of the federal reserve system. The director may, in his or her discretion, accept examinations and audits made under the provisions of the Federal Reserve Act in lieu of examinations required of banks or trust companies organized under the laws of this state.Source   Laws 1915, c. 175, § 1, p. 359;   Laws 1919, c. 190, tit. V, art. XVI, § 65, p. 711;   C.S.1922, § 8045;   C.S.1929, § 8-163;   R.S.1943, § 8-166;   Laws 1963, c. 29, § 30, p. 146;  Laws 2017, LB140, § 30.
NE Code § 8-132 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-132 - Banks; available funds; deficient reserve; impairment of capital; duty of bank; powers and duties of department; notice to bank.

8-132.  Banks; available funds; deficient reserve; impairment of capital; duty of bank; powers and duties of department; notice to bank.(1) The available funds of a bank shall consist of cash on hand and balances due from other solvent banks. Cash shall include lawful money of the United States and exchange for any clearinghouse association. Whenever the available funds or any reserve of any bank are deemed deficient by the director, such bank shall not make any new loans or discount otherwise than by discounting or purchasing bills of exchange payable at sight or make any dividends of its profits until it has on hand available funds and reserve deemed sufficient for operation by the director. The department shall notify any bank, in case its available funds or reserves are deemed deficient or its capital is impaired, to make good such available funds, reserves, or capital within such time as the director may direct, and any failure of such bank to make good any deficiency in the amount of its available funds, reserve, or capital within the time directed shall be cause for the department to take possession of such bank, declare it insolvent, and liquidate it as provided in the Nebraska Banking Act.(2) The capital of any bank shall be deemed to be unimpaired when the amount of capital notes and debentures as represented by cash or sound assets exceeds an impairment as found by the department.Source   Laws 1909, c. 10, § 23, p. 77;   R.S.1913, § 302;   Laws 1919, c. 190, tit. V, art. XVI, § 23, p. 695;   C.S.1922, § 8004;   C.S.1929, § 8-135;   Laws 1933, c. 18, § 24, p. 147;   C.S.Supp.,1941, § 8-135;   R.S.1943, § 8-137;   R.R.S.1943, § 8-137;   Laws 1963, c. 29, § 32, p. 147;   Laws 1965, c. 28, § 1, p. 200;   Laws 1987, LB 2, § 9;   Laws 1998, LB 1321, § 9;  Laws 2003, LB 217, § 4;  Laws 2017, LB140, § 31.
NE Code § 8-134 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-134 - Deposits; repayment only on presentation of pass book, when; notice.

8-134.  Deposits; repayment only on presentation of pass book, when; notice.Banks may, by agreement, provide that deposits received under agreement shall be repaid only on presentation of pass books and may require notice to be given before such deposits are repaid.Source  Laws 1963, c. 29, § 34, p. 148.
NE Code § 8-135 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-135 - Deposits; withdrawal methods authorized; lease of safe deposit box; section; how construed.

8-135.  Deposits; withdrawal methods authorized; lease of safe deposit box; section; how construed.(1) All persons, regardless of age, may become depositors in any bank and shall be subject to the same duties and liabilities respecting their deposits. Whenever a deposit is accepted by any bank in the name of any person, regardless of age, the deposit may be withdrawn by the depositor by any of the following methods:(a) Check or other instrument in writing. The check or other instrument in writing constitutes a receipt or acquittance if the check or other instrument in writing is signed by the depositor and constitutes a valid release and discharge to the bank for all payments so made; or(b) Electronic means through:(i) Preauthorized direct withdrawal;(ii) An automatic teller machine;(iii) A debit card;(iv) A transfer by telephone;(v) A network, including the Internet; or(vi) Any electronic terminal, computer, magnetic tape, or other electronic means.(2) All persons, individually or with others and regardless of age, may enter into an agreement with a bank for the lease of a safe deposit box and shall be bound by the terms of the agreement.(3) This section shall not be construed to affect the rights, liabilities, or responsibilities of participants in an electronic fund transfer under the federal Electronic Fund Transfer Act, 15 U.S.C. 1693 et seq., as such act existed on January 1, 2021, and shall not affect the legal relationships between a minor and any person other than the bank.Source   Laws 1963, c. 27, § 1, p. 132;   Laws 1963, c. 29, § 35, p. 148;  Laws 2005, LB 533, § 6;  Laws 2013, LB213, § 3;  Laws 2016, LB760, § 1;  Laws 2017, LB140, § 33;  Laws 2018, LB812, § 1;  Laws 2019, LB258, § 1;  Laws 2020, LB909, § 2;  Laws 2021, LB363, § 1.   Effective Date: March 18, 2021
NE Code § 8-137 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-137 - Checks; certification; requirements; effect.

8-137.  Checks; certification; requirements; effect.No officer or employee of any bank shall certify any check drawn upon such bank unless the person, firm, or corporation drawing the check has on deposit with the bank at the time such check is certified an amount of credit, on the depositors' ledger of such bank, subject to the payment of such check, equal to the amount specified in such check. The amount of such check shall not be recoverable from the payee or holder except in case of fraud. Whenever a check drawn upon any bank is certified by any officer or employee of such bank, the amount of the check shall be immediately charged against the account of the person, firm, or corporation drawing the check.Source   Laws 1909, c. 10, § 39, p. 85;   R.S.1913, § 318;   Laws 1919, c. 190, tit. V, art. XVI, § 39, p. 701;   C.S.1922, § 8019;   C.S.1929, § 8-158;   R.S.1943, § 8-163;   Laws 1963, c. 29, § 37, p. 149;  Laws 2017, LB140, § 34.
NE Code § 8-138 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-138 - Deposits; receiving when insolvent; prohibition; penalty.

8-138.  Deposits; receiving when insolvent; prohibition; penalty.No bank shall accept or receive on deposit for any purpose any money, bank bills, United States treasury notes or currency, or other notes, bills, checks, drafts, credits, or currency, when such bank is insolvent. If any bank receives or accepts on deposit any such deposits when such bank is insolvent, the officer, agent, or employee knowingly receiving or accepting or being accessory to, permitting, or conniving at the receiving or accepting on deposit of such bank any such deposit, is guilty of a Class III felony.Source   Laws 1909, c. 10, § 30, p. 80;   R.S.1913, § 309;   Laws 1919, c. 190, tit. V, art. XVI, § 30, p. 697;   C.S.1922, § 8010;   C.S.1929, § 8-147;   R.S.1943, § 8-147;   Laws 1963, c. 29, § 38, p. 149;   Laws 1977, LB 40, § 44;  Laws 2017, LB140, § 35.  Annotations  Insolvent bank has no power to receive deposits. Torgeson v. Department of Trade and Commerce, 127 Neb. 38, 254 N.W. 735 (1934). In prosecution against banker for receiving deposits knowing bank to be insolvent, intentional fraud, deceit, false reports and wrongful entries on bank books are not elements of the offense as defined by statute. Flannigan v. State, 125 Neb. 519, 250 N.W. 908 (1933). Instruction to jury defining insolvency of bank as being when the actual cash value of its assets was insufficient to pay its liabilities to depositors, or when it was unable to meet the demands of its creditors in the usual and ordinary manner, was not prejudicial to defendant. Gutru v. State, 125 Neb. 506, 250 N.W. 913 (1933). Conviction under this section sustained upon evidence that deposits were received when real value of assets were less than liabilities of bank, and defendant had knowledge of the deposits and insolvency. Flannigan v. State, 125 Neb. 163, 249 N.W. 609 (1933). Banking department has no authority to authorize a bank, its officers or employees, to violate this section. State v. Kastle, 120 Neb. 758, 235 N.W. 458 (1931). Constitutionality of this section sustained. Westbrook v. State, 120 Neb. 625, 234 N.W. 579 (1931). This section bearing penalty contrasted with section providing no penalty. State ex rel. Davis v. Farmers State Bank of Winside, 112 Neb. 597, 200 N.W. 173 (1924).
NE Code § 8-140 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-140 - Mortgage loan originator; registration.

8-140.  Mortgage loan originator; registration.Any financial institution chartered by the department that employs a mortgage loan originator, as defined in section 45-702, shall register such employee with the Nationwide Mortgage Licensing System and Registry, as defined in section 45-702, by furnishing the following information concerning the employee's identity to the Nationwide Mortgage Licensing System and Registry:(1) Fingerprints for submission to the Federal Bureau of Investigation, and any governmental agency or entity authorized to receive such information, for a state and national criminal history background check; and(2) Personal history and experience, including authorization for the Nationwide Mortgage Licensing System and Registry to obtain information related to any administrative, civil, or criminal findings by any governmental jurisdiction.Source Laws 2017, LB140, § 37.
NE Code § 8-142 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-142 - Loans; excessive amount; violations; penalty.

8-142.  Loans; excessive amount; violations; penalty.Any officer, employee, director, or agent of any bank who knowingly violates or knowingly permits a violation of section 8-141 is guilty of:(1) A Class IV felony when the violation, either separately or as part of one scheme or course of conduct, results in the insolvency of the bank;(2) A Class I misdemeanor when the violation, either separately or as part of one scheme or course of conduct, (a) results in a monetary loss to the bank of over twenty thousand dollars or (b) exceeds the authorized limit under section 8-141 by forty thousand dollars or more;(3) A Class II misdemeanor when the violation, either separately or as part of one scheme or course of conduct, (a) results in a monetary loss to the bank of ten thousand dollars or more, but not more than twenty thousand dollars, or (b) exceeds the authorized limit under section 8-141 by twenty thousand dollars or more, but less than forty thousand dollars; or(4) A Class III misdemeanor when the violation, either separately or as part of one scheme or course of conduct, (a) results in no monetary loss to the bank or a monetary loss to the bank of less than ten thousand dollars, or (b) exceeds the authorized limit under section 8-141 by ten thousand dollars or more, but less than twenty thousand dollars.Source   Laws 1909, c. 10, § 33, p. 82;   R.S.1913, § 312;   Laws 1919, c. 190, tit. V, art. XVI, § 33, p. 698;   Laws 1921, c. 313, § 1, p. 1002;   C.S.1922, § 8013;   Laws 1923, c. 191, § 45, p. 461;   C.S.1929, § 8-150;   Laws 1933, c. 18, § 33, p. 152;   C.S.Supp.,1941, § 8-150;   Laws 1943, c. 9, § 1(2), p. 68;   R.S.1943, § 8-151;   Laws 1963, c. 29, § 42, p. 152;   Laws 1977, LB 40, § 47;  Laws 2010, LB890, § 2.
NE Code § 8-143 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-143 - Loans; excessive amount; violations; forfeiture of charter; directors' personal liability.

8-143.  Loans; excessive amount; violations; forfeiture of charter; directors' personal liability.If the directors of any bank knowingly violate or knowingly permit any of the officers, employees, or agents of the bank to violate section 8-141, all rights, privileges, and franchises of the bank shall be forfeited. Before the charter of the bank is declared forfeited, the violation shall be determined and adjudged by a court of competent jurisdiction in an action brought for that purpose by the Director of Banking and Finance in his or her own name. In case of such violation, every director of the bank who participated in or knowingly assented to the violation or permission to violate section 8-141 shall be liable in his or her personal and individual capacity for all damages which the bank, its shareholders, or any other person has sustained in consequence of such violation.Source   Laws 1923, c. 191, § 45, p. 461;   C.S.1929, § 8-150;   Laws 1933, c. 18, § 33, p. 152;   C.S.Supp.,1941, § 8-150;   Laws 1943, c. 9, § 1(3), p. 68;   R.S.1943, § 8-152;   Laws 1959, c. 15, § 15, p. 138;   R.R.S.1943, § 8-152;   Laws 1963, c. 29, § 43, p. 152;  Laws 2010, LB890, § 3;  Laws 2017, LB140, § 39.  Annotations  To state a cause of action under this section against bank directors, a plaintiff must factually allege that (1) the loan exceeds the limit imposed by section 8-141; (2) the directors participated in or knowingly assented to the violation of section 8-141; (3) the plaintiff is a person entitled to relief under this section; and (4) the plaintiff has sustained damages as the result of the excessive loan. Schuyler State Bank v. Cech, 228 Neb. 588, 423 N.W.2d 464 (1988). That part of this section imposing personal liability upon bank directors for damages sustained as the result of knowingly making excessive loans is remedial in character, and a cause of action therefor is complete the moment the excessive loan is made. Department of Banking v. McMullen, 134 Neb. 338, 278 N.W. 551 (1938). This section bearing penalty contrasted with section 8-147. State ex rel. Davis v. Farmers State Bank of Winside, 112 Neb. 597, 200 N.W. 173 (1924).
NE Code § 8-144 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-144 - Loans or extension of credit; improper; willful and knowing violation; liability.

8-144.  Loans or extension of credit; improper; willful and knowing violation; liability.Any officer or employee of any bank who willfully and knowingly violates any provision of sections 8-141 to 8-143.01 shall be liable under his or her bond for any loss to the bank resulting therefrom.Source   Laws 1909, c. 10, § 40, p. 86;   R.S.1913, § 319;   Laws 1919, c. 190, tit. V, art. XVI, § 40, p. 701;   C.S.1922, § 8020;   C.S.1929, § 8-159;   R.S.1943, § 8-153;   Laws 1963, c. 29, § 44, p. 152;   Laws 1994, LB 611, § 3;  Laws 2017, LB140, § 41.
NE Code § 8-145 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-145 - Loans; other improper solicitation or receipt of benefits; unlawful inducement; penalty.

8-145.  Loans; other improper solicitation or receipt of benefits; unlawful inducement; penalty.Any stockholder or director, officer, agent, or employee of any bank who, for the use or benefit of himself or herself or any person other than the bank, solicits, asks for, or receives or agrees to receive from any person any gift or compensation or reward or inducement of any kind for (1) procuring or endeavoring to procure any loan from such bank to any person, (2) procuring or endeavoring to procure the purchase by such bank from any person of any negotiable or nonnegotiable instrument of any kind by discount or otherwise, (3) procuring or endeavoring to procure the purchase by such bank from any person of any real or personal property of any kind, or (4) procuring or endeavoring to procure such bank to permit any person to overdraw his or her account with such bank, is guilty of a Class I misdemeanor.Source   Laws 1923, c. 191, § 40, p. 458;   C.S.1929, § 8-151;   R.S.1943, § 8-154;   Laws 1963, c. 29, § 45, p. 152;   Laws 1977, LB 40, § 48;  Laws 2017, LB140, § 42.
NE Code § 8-148.01 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-148.01 - Corporation operating a computer center; investment of funds; limitation.

8-148.01.  Corporation operating a computer center; investment of funds; limitation.Any bank may invest not more than ten percent of its capital and surplus either in stock of a corporation operating a computer center or directly, alone or with others, in a computer center. With written approval of the director, such additional percentage of its capital and surplus may be so invested as the director shall approve. Such investment is not subject to the provisions of sections 8-148, 8-149, and 8-150.Source   Laws 1967, c. 18, § 1, p. 116;   Laws 1993, LB 81, § 5;  Laws 2017, LB140, § 45.