reglab/housing_qa huggingface dataset:
NE Code § 8-181 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-181 - National or state bank; conversion, merger, or consolidation; resulting bank; considered same corporate entity; termination of franchise.

8-181.  National or state bank; conversion, merger, or consolidation; resulting bank; considered same corporate entity; termination of franchise.When a national bank has converted into or merged or consolidated with a state bank, or a state bank has converted into or merged or consolidated with a national bank, the resulting bank shall be considered the same business and corporate entity as the former bank or banks and as a continuation thereof, and the ownership and title to all properties and assets and the obligations and liabilities of the converting, merging, or consolidating banks shall automatically pass to and become the properties and assets and the obligations and liabilities of the resulting bank. Upon the conversion, merger, or consolidation, when the resulting bank is a national bank, the franchise of the converting, merging, or consolidating state bank shall automatically terminate.Source   Laws 1951, c. 11, § 1(4), p. 85;   R.R.S.1943, § 8-165.03;   Laws 1963, c. 29, § 81, p. 166.
NE Code § 8-182 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-182 - State bank; conversion, merger, or consolidation with a national bank; objecting stockholders; stock; payment.

8-182.  State bank; conversion, merger, or consolidation with a national bank; objecting stockholders; stock; payment.The owner of shares of a state bank which were voted against a conversion into or a merger or consolidation with a national bank under section 8-181 shall be entitled to receive, from the assets of such state bank, the value of such stock in cash, when the conversion, merger, or consolidation becomes effective, upon written demand made to the resulting bank at any time within thirty days after the effective date of the conversion, merger, or consolidation, accompanied by the surrender of the stock certificates. The value of such shares shall be determined, as of the date of the shareholders' meeting approving the conversion, merger, or consolidation, by three appraisers, one to be selected by the owners of two-thirds of the shares voting against the conversion, merger, or consolidation, one by the board of directors of the resulting state bank, and the third by the two so chosen. If the appraisal is not completed within sixty days after the conversion, merger, or consolidation becomes effective the department shall cause an appraisal to be made and such appraisal shall then govern. The expenses of appraisal shall be paid by the resulting bank.Source   Laws 1951, c. 11, § 1(5), p. 85;   R.R.S.1943, § 8-165.04;   Laws 1963, c. 29, § 82, p. 166;  Laws 2017, LB140, § 77.
NE Code § 8-183 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-183 - National or state bank; conversion, merger, or consolidation; resulting bank; assets; valuation.

8-183.  National or state bank; conversion, merger, or consolidation; resulting bank; assets; valuation.Without approval by the director, no asset shall be carried on the books of the bank resulting pursuant to section 8-181, when the resulting bank is a state bank, at a valuation higher than that on the books of the converting, merging, or consolidating bank at the time of the examination, by a state or national bank examiner, last occurring before the effective date of the conversion, merger, or consolidation.Source   Laws 1951, c. 11, § 1(6), p. 86;   R.R.S.1943, § 8-165.05;   Laws 1963, c. 29, § 83, p. 167;  Laws 2017, LB140, § 78.
NE Code § 8-183.01 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-183.01 - State or federal savings association; conversion to state bank; plan of conversion; procedure.

8-183.01.  State or federal savings association; conversion to state bank; plan of conversion; procedure.(1) Any state or federal savings association, whether formed as a mutual association or a capital stock association, may apply to the director to convert to a state bank.(2) Any savings association seeking to convert its form of organization pursuant to this section shall first obtain approval of a plan of conversion by resolution adopted by not less than a two-thirds majority vote of the total number of directors authorized to vote.(3) Upon approval of a plan of conversion by the board of directors, such plan and the resolution approving it shall be submitted to the director. The director shall approve the plan of conversion if he or she finds, after appropriate investigation, that:(a) The plan of conversion is fair and equitable;(b) The interests of the applicant, its members or shareholders, its savings account holders, and the public are adequately protected; and(c) The converting savings association has complied with the requirements of this section.(4) If the director approves the plan of conversion, the approval shall be in writing and sent to the home office of the converting savings association. As part of its approval, the director may prescribe terms and conditions to be fulfilled either before or after the conversion to cause the converting savings association to conform to the requirements of the Nebraska Banking Act.(5) If the director disapproves the plan of conversion, the reasons for such disapproval shall be stated in writing and sent to the home office of the converting savings association, which shall be afforded an opportunity to amend and resubmit the plan within a reasonable period of time as prescribed by the director. In the event the director disapproves the plan after such resubmission, written notice of such final disapproval shall be sent by certified mail to the savings association's home office.Source  Laws 1998, LB 1321, § 27.
NE Code § 8-183.02 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-183.02 - State or federal savings association; plan of conversion; approval.

8-183.02.  State or federal savings association; plan of conversion; approval.(1) If the director approves a plan of conversion in accordance with section 8-183.01, such plan shall be submitted for adoption to the members or shareholders of the converting savings association by vote at a meeting called to consider such action. At least three weeks prior to such meeting, a copy of the plan, together with an accurate summary plan description explaining the operation of the plan and the rights, duties, obligations, liabilities, conditions, and requirements which may be imposed upon such members or shareholders and the converted association as a result of the operation of the plan, shall be mailed to each member or shareholder eligible to vote at such meeting.(2) The plan of conversion must be approved by not less than sixty percent of the total outstanding shares, which may be voted by proxy or in person at the meeting called to consider such conversion.(3) A certified copy of the proceedings at such meeting shall be filed with the director within thirty days after such meeting.(4) If the plan of conversion is approved, the board of directors of the savings association shall take action to obtain a state bank charter, adopt articles of incorporation, adopt bylaws, elect directors and officers, and take such other action as is required or appropriate for a state bank corporation.Source  Laws 1998, LB 1321, § 28.
NE Code § 8-183.03 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-183.03 - State or federal savings association; conversion to state bank; requirements.

8-183.03.  State or federal savings association; conversion to state bank; requirements.(1) To obtain a state bank charter, a savings association shall meet the requirements of state law as to the formation of a new state bank. The public hearing requirement of subdivision (1) of section 8-115.01 shall only be required if (a) after publishing a notice of the proposed conversion in a newspaper of general circulation in the county where the main office of the converting savings association is located, the expense of which shall be paid by the applicant savings association, the director receives a substantive objection to the conversion within fifteen days after such publication or (b) in the discretion of the director, the condition of the savings association warrants a hearing.(2) If the savings association is a federal association, compliance with the procedure for conversion to a state bank prescribed by the laws of the United States, if any, shall be demonstrated to the director.(3) When the persons requesting the conversion of the savings association are officers or directors of the savings association, there shall be a rebuttable presumption that such persons are parties of integrity and responsibility.(4) If the main office of the resulting state bank is to be at the same location as the main office of the converting savings association, the director shall recognize that the public necessity, convenience, and advantage of the community will be met by permitting the resulting bank to engage in business.(5) The director may make an examination of the applicant savings association prior to his or her decision on the application for a state bank charter. The cost of such examination shall be paid by the applicant savings association.Source   Laws 1998, LB 1321, § 29;  Laws 2002, LB 957, § 6.
NE Code § 8-183.04 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-183.04 - State or federal savings association; mutual savings association; retention of mutual form authorized.

8-183.04.  State or federal savings association; mutual savings association; retention of mutual form authorized.(1) Notwithstanding any other provision of the Nebraska Banking Act or any other Nebraska law, a state or federal savings association which was formed and in operation as a mutual savings association as of July 15, 1998, may elect to retain its mutual form of corporate organization upon conversion to a state bank.(2) All references to shareholders or stockholders for state banks shall be deemed to be references to members for such a converted savings association.(3) The amount and type of capital required for such a converted savings association shall be as required for federal mutual savings associations in 12 C.F.R. 5.21, as such regulation existed on January 1, 2021, except that if at any time the department determines that the capital of such a converted savings association is impaired, the director may require the members to make up the capital impairment.(4) The director may adopt and promulgate rules and regulations governing such converted mutual savings associations. In adopting and promulgating such rules and regulations, the director may consider the provisions of sections 8-301 to 8-384 governing savings associations in mutual form of corporate organization.Source   Laws 1998, LB 1321, § 30;  Laws 2005, LB 533, § 10;  Laws 2010, LB890, § 5;  Laws 2017, LB140, § 79;  Laws 2018, LB812, § 5;  Laws 2019, LB258, § 5;  Laws 2020, LB909, § 7;  Laws 2021, LB363, § 6.   Effective Date: March 18, 2021
NE Code § 8-183.05 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-183.05 - State or federal savings association; issuance of state bank charter; effect; section, how construed.

8-183.05.  State or federal savings association; issuance of state bank charter; effect; section, how construed.(1) Upon the issuance of a state bank charter to a converting savings association, the corporate existence of the converting savings association shall not terminate, but such bank shall be a continuation of the entity so converted and all property of the converted savings association, including its rights, titles, and interests in and to all property of whatever kind, whether real, personal, or mixed, things in action, and every right, privilege, interest, and asset of any conceivable value or benefit then existing, or pertaining to it, or which would inure to it, immediately, by operation of law and without any conveyance or transfer and without any further act or deed, shall vest in and remain the property of such converted savings association, and the same shall have, hold, and enjoy the same in its own right as fully and to the same extent as the same was possessed, held, and enjoyed by the converting savings association.(2) Upon issuance of the charter, the new state bank shall continue to have and succeed to all the rights, obligations, and relations of the converting savings association.(3) All pending actions and other judicial proceedings to which the converting savings association is a party shall not be abated or discontinued by reason of such conversion but may be prosecuted to final judgment, order, or decree in the same manner as if such conversion had not been made, and such converted savings association may continue the actions in its new corporate name. Any judgment, order, or decree may be rendered for or against the converting savings association theretofore involved in the proceedings.(4) Nothing in this section shall be construed to authorize a converted savings association to establish branches except as permitted by section 8-157 and the Interstate Branching and Merger Act. This subsection shall not be construed to require divestiture of any branches of a savings association in existence at the time of the conversion to a state bank charter.Source   Laws 1998, LB 1321, § 31;  Laws 2002, LB 1089, § 4;  Laws 2012, LB963, § 3;  Laws 2017, LB140, § 80.  Cross References  Interstate Branching and Merger Act, see section 8-2101.
NE Code § 8-184 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-184 - Voluntary liquidation; approval required; examination; fees.

8-184.  Voluntary liquidation; approval required; examination; fees.Whenever any bank shall desire to go into voluntary liquidation, it shall first obtain the written consent of the director who may, before granting such request, order a special examination of the affairs of such bank, for which the same fees may be collected as in regular examination.Source   Laws 1909, c. 10, § 34, p. 83;   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. 153;   C.S.Supp., 1941, § 8-153;   R.S.1943, § 8-158;   Laws 1963, c. 29, § 84, p. 167;  Laws 2017, LB140, § 81.
NE Code § 8-185 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-185 - Voluntary liquidation; procedure.

8-185.  Voluntary liquidation; procedure.Any bank may voluntarily liquidate by paying off all its depositors in full. The bank so liquidating shall file a certified statement with the department, setting forth the fact that all its liabilities have been paid and naming its stockholders with the amount of stock held by each, and surrender its charter. The department shall cause an examination to be made of any such bank for the purpose of determining that all of its liabilities, except liabilities to stockholders, have been paid. Upon such examination, if it appears that all liabilities other than liabilities to stockholders have been paid, the bank shall cease to be subject to the Nebraska Banking Act.Source   Laws 1909, c. 10, § 42, p. 86;   R.S.1913, § 321;   Laws 1919, c. 190, tit. V, art. XVI, § 42, p. 702;   Laws 1921, c. 299, § 1, p. 954;   C.S.1922, § 8022;   C.S.1929, § 8-169;   Laws 1933, c. 18, § 39, p. 155;   C.S.Supp.,1941, § 8-169;   R.S.1943, § 8-159;   Laws 1963, c. 29, § 85, p. 167;   Laws 1987, LB 2, § 10;   Laws 1998, LB 1321, § 15;  Laws 2017, LB140, § 82.
NE Code § 8-186 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-186 - Bank; possession; voluntary surrender to department; notice; posting; liens dissolved.

8-186.  Bank; possession; voluntary surrender to department; notice; posting; liens dissolved.Any bank may place its affairs and assets under the control of the department by posting on its door the following notice: This bank is in the hands of the Department of Banking and Finance. The posting of such notice, or the taking possession of any bank by the department or by any financial institution examiner shall be sufficient to place all of its assets of whatever nature immediately in the possession of the department, and shall operate as a bar to the levying of attachments or executions thereon, and shall operate to dissolve and release all levies, judgment liens, attachments, or other liens obtained through legal proceedings within sixty days next preceding the posting of such notice or the taking possession of such bank by the department.Source   Laws 1909, c. 10, § 43, p. 86;   R.S.1913, § 322;   Laws 1919, c. 190, tit. V, art. XVI, § 43, p. 703;   C.S.1922, § 8023;   C.S.1929, § 8-170;   Laws 1933, c. 18, § 40, p. 156;   C.S.Supp.,1941, § 8-170;   R.S.1943, § 8-172;   Laws 1963, c. 29, § 86, p. 168;  Laws 2017, LB140, § 83.
NE Code § 8-188 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-188 - Banks; possession by department; effective upon notice.

8-188.  Banks; possession by department; effective upon notice.The director or any deputy, counsel, or examiner authorized by the director may, on behalf of the department, take possession of a bank by handing to the president, cashier, or any person in charge of the bank, a written notice that the bank is in the possession of the department.Source   Laws 1925, c. 30, § 2, p. 123;   C.S.1929, § 8-183;   Laws 1933, c. 18, § 45, p. 159;   C.S.Supp.,1941, § 8-183;   R.S.1943, § 8-174;   Laws 1963, c. 29, § 88, p. 169;  Laws 2017, LB140, § 85.  Annotations Under facts in this case, denial of motion for continuance under section 8-195 was not erroneous. Elm Creek State Bank v. Department of Banking, 191 Neb. 584, 216 N.W.2d 883 (1974).
NE Code § 8-189 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-189 - Banks; attempted prevention of possession by department; penalty.

8-189.  Banks; attempted prevention of possession by department; penalty.Any officer, director, or employee of a bank who attempts to prevent the department from taking possession of such bank is guilty of a Class I misdemeanor.Source   Laws 1923, c. 191, § 14, p. 445;   C.S.1929, § 8-184;   Laws 1933, c. 18, § 46, p. 159;   C.S.Supp.,1941, § 8-184;   R.S.1943, § 8-175;   Laws 1963, c. 29, § 89, p. 169;   Laws 1977, LB 40, § 52;  Laws 2017, LB140, § 86.
NE Code § 8-190 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-190 - Banks; possession by department; refusal to deliver; possession by banks; application for court order.

8-190.  Banks; possession by department; refusal to deliver; possession by banks; application for court order.Whenever any bank refuses or neglects to deliver possession of its affairs, assets, or property of whatever nature to the department or to any person ordered or appointed to take charge of such bank according to the Nebraska Banking Act, the director shall make an application to the district court of the county in which the main office of such bank is located or to any judge of such court for an order placing the department or such person in charge thereof and of its affairs and property. If the judge of the district court having jurisdiction is absent from the district at the time such application is to be made, any judge of the Court of Appeals or Supreme Court may grant such order, but the petition and order of possession shall be immediately transmitted to the clerk of the district court of the county in which the main office of such bank is located.Source   Laws 1909, c. 10, § 56, p. 94;   R.S.1913, § 336;   Laws 1919, c. 190, tit. V, art. XVI, § 57, p. 709;   C.S.1922, § 8037;   C.S.1929, § 8-185;   Laws 1933, c. 18, § 47, p. 159;   C.S.Supp.,1941, § 8-185;   R.S.1943, § 8-176;   Laws 1963, c. 29, § 90, p. 170;   Laws 1987, LB 2, § 12;   Laws 1991, LB 732, § 12;   Laws 1998, LB 1321, § 17;  Laws 2017, LB140, § 87.
NE Code § 8-191 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-191 - Banks; possession by department; notice to banks and trust companies; notice or knowledge of possession forestalls liens.

8-191.  Banks; possession by department; notice to banks and trust companies; notice or knowledge of possession forestalls liens.Upon taking possession of the property and business of any bank, the department shall immediately give notice of such fact by letter or electronic mail to all banks or trust companies holding or in possession of any assets of such bank, so far as known by the department. No bank or trust company so notified or knowing of such possession by the department shall have a lien or charge for any payment, advance, or clearance thereafter made, or liability thereafter incurred, against any of the assets of the bank of whose property and business the department shall have taken possession unless the bank be continued as a going concern.Source   Laws 1923, c. 191, § 16, p. 445;   C.S.1929, § 8-187;   Laws 1933, c. 18, § 49, p. 160;   C.S.Supp.,1941, § 8-187;   R.S.1943, § 8-177;   Laws 1963, c. 29, § 91, p. 170;  Laws 2017, LB140, § 88.  Annotations  Act of Department of Banking in taking over insolvent bank is not subject to collateral attack. Torgeson v. Department of Trade and Commerce, 127 Neb. 38, 254 N.W. 735 (1934). Notice of possession of bank by Department of Banking forestalls all future liens, unless the bank be continued as a going concern. Luikart v. Hunt, 124 Neb. 642, 247 N.W. 790 (1933).
NE Code § 8-192 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-192 - Banks; possession by department; inventory of assets and liabilities; filing.

8-192.  Banks; possession by department; inventory of assets and liabilities; filing.Upon taking charge of any bank, the director shall cause to be made an inventory in triplicate of all the property, assets, and liabilities of the bank so far as the property, assets, and liabilities of the bank can be ascertained. One copy of the inventory shall be filed with the director, one copy of the inventory retained in the bank, and, after the declaration of insolvency of the bank as provided in section 8-194, one copy of the inventory shall be filed with the clerk of the district court of the county in which the main office of the bank is located.Source   Laws 1929, c. 38, § 21, p. 167;   C.S.1929, § 8-188;   Laws 1933, c. 18, § 50, p. 161;   C.S.Supp.,1941, § 8-188;   R.S.1943, § 8-178;   Laws 1963, c. 29, § 92, p. 170;  Laws 2017, LB140, § 89.  Annotations Under facts in this case, denial of motion for continuance under section 8-195 was not erroneous. Elm Creek State Bank v. Department of Banking, 191 Neb. 584, 216 N.W.2d 883 (1974).