reglab/housing_qa huggingface dataset:
NE Code § 8-215 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-215 - Pledged securities; release upon liquidation; conditions.

8-215.  Pledged securities; release upon liquidation; conditions.Any trust company, state or national bank or federal savings association with a trust department, federally chartered trust company, out-of-state trust company authorized under the Interstate Trust Company Office Act or otherwise doing business in this state, or out-of-state entity acting in a fiduciary capacity in this state, upon liquidating its business and affairs for reasons other than insolvency, may have its pledged securities released to it upon satisfying the Department of Banking and Finance that it has been lawfully relieved of all its duties and obligations as assignee, receiver, or trustee, either by appointment of court or under will, and for depository of money in court, after first having published notice three successive weeks in some legal newspaper published in the county or, if none is published in the county, in a legal newspaper of general circulation in the county in which the principal place of business of the trust company, trust department of a state or national bank or federal savings association, or federally chartered trust company is located that all claims against such securities, whether absolute or contingent, must be filed with the department by a day certain, not less than thirty days after the last publication of such notice. In the case of an out-of-state trust company authorized under the Interstate Trust Company Office Act or otherwise doing business in this state, or in the case of any out-of-state entity acting in a fiduciary capacity in this state, the notice shall be published in each county in Nebraska where the out-of-state trust company or out-of-state entity maintains an office, does business, or acts in a fiduciary capacity, or maintained an office, conducted business, or acted in a fiduciary capacity, within one year prior to the liquidation of its affairs.Source   Laws 1939, c. 3, § 2, p. 61;   C.S.Supp.,1941, § 8-212;   R.S.1943, § 8-215;   Laws 1986, LB 960, § 3;   Laws 1993, LB 81, § 29;   Laws 1998, LB 1321, § 44;  Laws 2012, LB963, § 9. Cross References  Interstate Trust Company Office Act, see section 8-2301.Annotations Department of Banking, as liquidating agent for trust company by proceedings hereunder, is not "adverse holder", and is required to obey summary order to turn over property to bankruptcy receiver. Gamble v. Daniel, 39 F.2d 447 (8th Cir. 1930), appeal dismissed 281 U.S. 705 (1930).
NE Code § 8-216 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-216 - Pledged securities; interest; company's right to collect.

8-216.  Pledged securities; interest; company's right to collect.The trust company may collect and retain the interest of all securities pledged as provided in section 8-209.Source   Laws 1919, c. 190, tit. V, art. XVIII, § 13, p. 722;   C.S.1922, § 8075;   C.S.1929, § 8-213;   Laws 1933, c. 18, § 79, p. 176;   C.S.Supp.,1941, § 8-213;   R.S.1943, § 8-216;   Laws 1993, LB 81, § 30.
NE Code § 8-217 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-217 - Pledged securities; substitute; when required.

8-217.  Pledged securities; substitute; when required.If the interest on any security pledged as provided in section 8-209 remains unpaid for thirty days after maturity, the trust company shall substitute other securities therefor.Source   Laws 1919, c. 190, tit. V, art. XVIII, § 14, p. 722;   C.S.1922, § 8076;   C.S.1929, § 8-214;   Laws 1933, c. 18, § 80, p. 176;   C.S.Supp.,1941, § 8-214;   R.S.1943, § 8-217;   Laws 1993, LB 81, § 31.
NE Code § 8-218 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-218 - Examination; powers and duties of Department of Banking and Finance.

8-218.  Examination; powers and duties of Department of Banking and Finance.The Department of Banking and Finance or any duly appointed examiner authorized by it may make a full examination into all the books, papers, and affairs of any trust company doing business under the Nebraska Trust Company Act as often as deemed necessary. In so doing, the department shall have power to administer oaths and affirmations and to examine on oath or affirmation the officers, agents, and clerks of the trust company, touching the matter which they may be authorized to inquire into and examine, and to summon and by subpoena compel the attendance of any person or persons in this state to testify under oath in relation to the affairs of the trust company. In lieu of any examination authorized by the laws of this state, the Director of Banking and Finance may accept, in his or her discretion, a report of an examination made of a trust company by the Federal Deposit Insurance Corporation, the Federal Reserve Bank, or the Office of the Comptroller of the Currency or he or she may examine any such trust company jointly with any such federal agency.Source   Laws 1911, c. 31, § 9, p. 193;   R.S.1913, § 747;   Laws 1919, c. 190, tit. V, art. XVIII, § 15, p. 722;   C.S.1922, § 8077;   Laws 1927, c. 35, § 3, p. 162;   Laws 1929, c. 38, § 6, p. 158;   C.S.1929, § 8-215;   Laws 1933, c. 18, § 81, p. 176;   C.S.Supp.,1941, § 8-215;   R.S.1943, § 8-218;   Laws 1993, LB 81, § 32;   Laws 1998, LB 1321, § 45;  Laws 2019, LB258, § 8.
NE Code § 8-218.01 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-218.01 - Inactive company; charter revoked; when; release of assets.

8-218.01.  Inactive company; charter revoked; when; release of assets.Any trust company which fails to exercise trust powers for three years or which voluntarily surrenders duties associated with fiduciary accounts so that no activity is reported for a period of three years, as determined by the consecutive annual reports submitted to the Department of Banking and Finance, shall be deemed inactive. Trust charters determined to be inactive as described in this section shall be revoked and the pledged assets released in accordance with section 8-215.Source  Laws 1993, LB 81, § 33.
NE Code § 8-219 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-219 - Liquidation; reorganization; adjudication of insolvency; grounds; powers and duties of Department of Banking and Finance.

8-219.  Liquidation; reorganization; adjudication of insolvency; grounds; powers and duties of Department of Banking and Finance.Whenever (1) it appears to the Department of Banking and Finance from any examination or report provided for by the Nebraska Trust Company Act that the capital stock of any trust company transacting business under the act is impaired, or that the trust company is conducting its business in an unsafe or unauthorized manner, or that the trust company is endangering the interest of the beneficiaries for whom it holds property in trust, (2) the officers or employees of the trust company refuse to submit its books, papers, and affairs to the inspection of any examiner, (3) any officer thereof refuses to be examined upon oath touching the affairs of the trust company, or (4) from any examination or report provided for by law, the department has reason to conclude that the trust company is in an unsafe or unsound condition to transact the business for which it is organized or that it is unsafe and inexpedient for it to continue its business, the department shall take charge of the trust company and proceed to reorganize or to liquidate the trust company in the manner provided for the liquidation of insolvent banks. If the trust company neglects or refuses to observe any lawful order of the department, then the department may cause a suit to be brought in the name of the State of Nebraska upon the relation of the Department of Banking and Finance against the trust company in the district court of the county in which the trust company is chartered for the purpose of having the trust company adjudged insolvent and its business wound up.Source   Laws 1927, c. 35, § 3, p. 163;   Laws 1929, c. 38, § 6, p. 159;   C.S.1929, § 8-215;   Laws 1933, c. 18, § 81, p. 177;   C.S.Supp.,1941, § 8-215;   R.S.1943, § 8-219;   Laws 1993, LB 81, § 34;   Laws 1998, LB 1321, § 46.
NE Code § 8-220 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-220 - Liquidation; adjudication of insolvency; procedure; powers of district court; liens dissolved.

8-220.  Liquidation; adjudication of insolvency; procedure; powers of district court; liens dissolved.The suit referred to in section 8-219 shall be conducted as a civil action under the laws of Nebraska. If in the suit the court finds that the trust company is insolvent, it shall enter a judgment of insolvency and order that the business of the trust company shall be wound up. The court or any judge thereof may, after notice to the trust company, enjoin the trust company from continuing to transact business pending the hearing and entry of a judgment in the case. If the court finds and adjudges that the trust company is insolvent, the Department of Banking and Finance shall thereupon become the liquidating agent to wind up the business of the trust company, and the department shall be vested with the title to all of the assets and the property of the trust company wherever such property may be situated and whatever the kind and character of the assets and property may be, as of the date of the filing of the petition in court. Any attachment lien against the property of the trust company, acquired within sixty days next preceding the filing of the suit, shall be thereby released and dissolved.Source   Laws 1927, c. 35, § 3, p. 163;   Laws 1929, c. 38, § 6, p. 159;   C.S.1929, § 8-215;   Laws 1933, c. 18, § 81, p. 177;   C.S.Supp.,1941, § 8-215;   R.S.1943, § 8-220;   Laws 1993, LB 81, § 35.
NE Code § 8-221 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-221 - Liquidation; insolvency; injunction to prevent transaction of business.

8-221.  Liquidation; insolvency; injunction to prevent transaction of business.If the judge of the district court of the county where the suit is filed is absent therefrom, any judge of the Court of Appeals or Supreme Court may grant the injunction as provided in section 8-220 with the same force and effect as if it had been granted by the district judge. All the proceedings for the conduct of the suit and an entry of judgment shall be conducted in the district court of the county where the trust company was chartered. If the trust company is adjudged insolvent, its affairs shall be wound up by the Department of Banking and Finance under and subject to the order of the district court in the manner provided in the case of insolvent banks.Source   Laws 1927, c. 35, § 3, p. 164;   Laws 1929, c. 38, § 6, p. 160;   C.S.1929, § 8-215;   Laws 1933, c. 18, § 81, p. 178;   C.S.Supp.,1941, § 8-215;   R.S.1943, § 8-221;   Laws 1991, LB 732, § 14;   Laws 1993, LB 81, § 36.
NE Code § 8-222 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-222 - Maximum liability.

8-222.  Maximum liability.The maximum liability which may be incurred by any trust company organized under the Nebraska Trust Company Act, exclusive of money or properties held in trust and exclusive of money borrowed for investment and actually invested in real estate mortgages and other securities in which trust companies are authorized to invest under the act, shall not exceed one hundred percent of the paid-up capital stock.Source   Laws 1911, c. 31, § 10, p. 194;   R.S.1913, § 748;   Laws 1919, c. 190, tit. V, art. XVIII, § 16, p. 723;   C.S.1922, § 8078;   Laws 1923, c. 32, § 1, p. 142;   C.S.1929, § 8-217;   R.S.1943, § 8-222;   Laws 1993, LB 81, § 37;   Laws 1998, LB 1321, § 47.
NE Code § 8-223 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-223 - Statements required; when; annual report, defined; penalty.

8-223.  Statements required; when; annual report, defined; penalty.(1) The trust company shall file with the Department of Banking and Finance during the months of January and July of each year a statement under oath of the condition of the trust company on the last business day of the preceding December and June in the manner and form required by the department. For purposes of the Nebraska Trust Company Act, the trust company's annual report shall be deemed to be the report filed with the Department of Banking and Finance during the month of January.(2) Any trust company that fails, neglects, or refuses to make or furnish any report or any published statement required by the Nebraska Trust Company Act shall pay to the department fifty dollars for each day such failure continues, unless the department extends the time for filing such report.(3) The filing requirements of this section shall not apply to the trust department of a bank if the report of condition of the trust department is included in the reports of the bank required by the Nebraska Banking Act.Source   Laws 1911, c. 31, § 11, p. 194;   R.S.1913, § 749;   Laws 1919, c. 190, tit. V, art. XVIII, § 17, p. 723;   C.S.1922, § 8079;   C.S.1929, § 8-218;   Laws 1933, c. 18, § 82, p. 178;   C.S.Supp.,1941, § 8-218;   R.S.1943, § 8-223;   Laws 1993, LB 81, § 38;   Laws 1998, LB 1321, § 48;  Laws 2000, LB 932, § 6;  Laws 2008, LB851, § 8. Cross References  Nebraska Banking Act, see section 8-101.02.
NE Code § 8-224 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-224 - Reports; form; publication; trust company; disclosure statement.

8-224.  Reports; form; publication; trust company; disclosure statement.(1) The reports required by section 8-223 shall be verified by one of the managing officers, and a summary of the annual report, in a form prescribed by the Department of Banking and Finance, shall, within thirty days after the filing of the statement with the department, be published in a newspaper of general circulation in the county where the trust company is chartered.(2) The publication required by this section shall not apply to any trust company that makes an annual disclosure statement available to any member of the general public upon request in accordance with the following provisions:(a) The annual disclosure statement shall be in a form prescribed by the department;(b) In the lobby of its main office, in every branch trust office, and in every representative trust office, the trust company shall at all times display a notice that the annual disclosure statement may be obtained from the trust company;(c) If the trust company maintains an Internet website, the home page of the website shall at all times contain a notice that the annual disclosure statement may be obtained from the trust company;(d) The notice described in subdivisions (b) and (c) of this subsection shall include, at a minimum, an address and telephone number to which requests for an annual disclosure statement may be made;(e) The first requested copy of the annual disclosure statement shall be provided to a requester free of charge; and(f) A trust company shall make its annual disclosure statement available to the public beginning not later than the following March 31 or, if the trust company mails an annual disclosure statement to its shareholders, beginning not later than five days after the mailing of the disclosure statement, whichever occurs first. A trust company shall make its annual disclosure statement available continuously until (i) the annual disclosure statement for the succeeding year becomes available or (ii) a summary of its annual report is published for the succeeding year in accordance with this section.(3) The publication required by this section shall not apply to reports of the trust department of a bank if the report of condition of the trust department is included in the reports of the bank required by the Nebraska Banking Act.Source   Laws 1911, c. 31, § 12, p. 194;   R.S.1913, § 750;   Laws 1919, c. 190, tit. V, art. XVIII, § 18, p. 723;   C.S.1922, § 8080;   C.S.1929, § 8-219;   Laws 1933, c. 18, § 83, p. 178;   C.S.Supp.,1941, § 8-219;   R.S.1943, § 8-224;   Laws 1993, LB 81, § 39;   Laws 1997, LB 137, § 9;  Laws 2008, LB851, § 9. Cross References  Nebraska Banking Act, see section 8-101.02.
NE Code § 8-224.01 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-224.01 - Prohibited acts; violation; penalties; applicability.

8-224.01.  Prohibited acts; violation; penalties; applicability.(1) No charge shall be allowed against an estate or trust for legal services performed by an attorney who is a salaried employee of the trust company or when a portion of the charge for legal service is retained by the trust company. Any officer or employee of the trust company causing or consenting to such division of fee for legal service shall be guilty of a Class I misdemeanor. No investments of an estate or trust shall be made in the capital stock or securities of the trust company, in the stock or securities of its affiliated companies, or in obligations, either direct or indirect, of any director, officer, or employee of the trust company. The trust company shall not substitute any of the assets of an estate or trust under its control for securities of the trust company. A trust company may administer, in a fiduciary capacity, an estate or trust which contains such capital stock, securities, or obligations as part of its assets if such assets are received in kind from the grantor of the estate or trust and retention of such capital stock, securities, or obligations is properly authorized by the terms of the governing document. Any officer or employee of the trust company making such an investment or consenting to such an investment or causing such substitution or consenting to such substitution shall be guilty of a Class III felony.(2) No loan of the assets of the trust company shall be made to any officer or director of such corporation. No trust company shall cause or allow funds of any account entrusted to the trust company to be loaned, directly or indirectly, to any director, officer, or employee of the trust company except when the director, officer, or employee has a specific beneficial interest in the account and such loans are allowed in governing account documents and are not prohibited by other state or federal law. Any director, officer, or employee of the trust company causing, consenting to, or receiving funds from a loan made in violation of this section shall be guilty of a Class III felony.(3) This section shall not apply to:(a) Investments authorized in section 30-3205; or(b) Investments for which the will or trust states that the stock of the trust company or securities of a company or companies affiliated with the trust company may be acquired for the estate or trust.Source   Laws 1993, LB 81, § 40;   Laws 1993, LB 423, § 3;  Laws 2020, LB909, § 9.
NE Code § 8-225 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-225 - False statement or book entry; destruction or secretion of records; penalty.

8-225.  False statement or book entry; destruction or secretion of records; penalty.Any person who swears to any of the statements required by the Nebraska Trust Company Act, knowing them to be false, who subscribes to, makes, or causes to be made any false statement or false entry in the books of any trust company transacting a business under the act, who subscribes to or exhibits false papers or fails to make true and correct entry in the books and records of the trust company of its business and transactions in the manner and form prescribed by the Department of Banking and Finance, who mutilates, alters, destroys, secretes, or removes any of the books or records of the trust company without the written consent of the Director of Banking and Finance, or who makes, states, or publishes any false statement of the amount of the assets or liabilities of the trust company shall be guilty of a Class IV felony.Source   Laws 1911, c. 31, § 13, p. 195;   R.S.1913, § 751;   Laws 1919, c. 190, tit. V, art. XVIII, § 19, p. 723;   C.S.1922, § 8081;   C.S.1929, § 8-220;   Laws 1933, c. 18, § 84, p. 179;   C.S.Supp.,1941, § 8-220;   R.S.1943, § 8-225;   Laws 1977, LB 40, § 54;   Laws 1993, LB 81, § 41;   Laws 1998, LB 1321, § 49.
NE Code § 8-226 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-226 - Trust terms; use restricted; penalty.

8-226.  Trust terms; use restricted; penalty.(1) No individual, firm, corporation, or association doing business directly or indirectly in the State of Nebraska shall use the words trust, trust company, trust association, or trust fund as any part of its title except:(a) A trust company as defined in section 8-230;(b) A trust company chartered and supervised under the laws of the United States or any other state;(c) A bank or savings association chartered and supervised under the laws of the United States or any other state, if such bank or savings association has been further chartered to conduct a trust company business;(d) A limited partnership to the extent authorized by subdivision (5) of section 67-234;(e) An entity required by any other law to use such words; or(f) Except as provided in subsection (2) of this section.(2) Notwithstanding the provisions of subsection (1) of this section:(a) An organization described in section 501(c)(3) of the Internal Revenue Code and exempt from taxation under section 501(a) of the code may use the words trust or trust fund;(b) A trust created by a testamentary or fiduciary document may use the word trust; and(c) An account in a financial institution established by or on behalf of trusts referenced in subdivision (b) of this subsection may use the words trust or trust fund.(3) A violation of this section is a Class V misdemeanor.Source   Laws 1911, c. 31, § 13, p. 195;   R.S.1913, § 752;   Laws 1919, c. 190, tit. V, art. XVIII, § 20, p. 723;   C.S.1922, § 8082;   C.S.1929, § 8-221;   R.S.1943, § 8-226;   Laws 1977, LB 40, § 55;   Laws 1993, LB 81, § 42;   Laws 1996, LB 1268, § 1;   Laws 1997, LB 44, § 1.
NE Code § 8-227 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-227 - State trust company; merger or consolidation with national banking association; procedure.

8-227.  State trust company; merger or consolidation with national banking association; procedure.Any state trust company, with the approval of the Department of Banking and Finance, may, upon a vote of the holders of at least two-thirds of its capital stock, merge or consolidate with a national banking association, as provided by federal law, by causing a certificate to be filed with the Department of Banking and Finance setting forth the resolution of the stockholders of the state trust company and that the resolution has been duly adopted by the holders of at least two-thirds of the capital stock of the trust company.Source   Laws 1959, c. 20, § 1, p. 145;   Laws 1993, LB 81, § 43.