reglab/housing_qa huggingface dataset:
NE Code § 8-373 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-373 - Capital stock association; articles of incorporation; application; file information with department; examination fee.

8-373.  Capital stock association; articles of incorporation; application; file information with department; examination fee.A copy of the articles of incorporation and bylaws of every association applying under section 8-372 shall be filed with the department 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 information as may be required by the department's rules and regulations and the information required by sections 8-356 to 8-384.Source   Laws 1981, LB 500, § 18;  Laws 2003, LB 217, § 12.
NE Code § 8-374 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-374 - Department; hearing on application; notice; purpose.

8-374.  Department; hearing on application; notice; purpose.(1) Prior to issuing a certificate of approval, the department, upon receiving an application for a stock savings and loan association, shall (a) publish notice of filing of the application for a period of three weeks in a legal newspaper published in or of general circulation in the county where the applicant proposes to operate the savings and loan association and (b) give notice of such application for a stock savings and loan association to all financial institutions within the county where the proposed main office of the stock savings and loan would be located and to such other interested parties as the director may determine. The director shall send the notice to financial institutions by first-class mail, postage prepaid, or electronic mail. Electronic mail may be used if the financial institution agrees in advance to receive such notices by electronic mail. A financial institution may designate one office for receipt of any such notice if it has more than one office located within the county where such notice is to be sent or a main office in a county other than the county where such notice is to be sent.(2) A public hearing shall be held on each application. The date for hearing the application shall be not more than ninety days after filing the application and not less than thirty days after the last publication of notice. Such hearing shall be held to determine:(a) Whether the articles of incorporation and bylaws conform to the requirements of sections 8-356 to 8-384 and contain a just and equitable plan for the management of the association's business;(b) Whether the persons organizing such association are of good character and responsibility;(c) Whether in the department's judgment a need exists for such an institution in the community to be served;(d) Whether there is a reasonable probability of its usefulness and success; and(e) Whether the same can be established without undue injury to properly conducted existing local savings and loan associations, whether mutual or capital stock in formation.(3) The expense of any publication and mailing required by this section shall be paid by the applicant but payment shall not be a condition precedent to approval by the director.Source   Laws 1981, LB 500, § 19;  Laws 2008, LB851, § 12;  Laws 2010, LB890, § 9;  Laws 2016, LB751, § 5.
NE Code § 8-375 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-375 - Department; issue certificate of approval; when.

8-375.  Department; issue certificate of approval; when.If the department, upon completion of its investigation and the public hearing of the application, is satisfied that such corporation has complied with the requirements of sections 8-356 to 8-384 and department rules and regulations, it shall issue a certificate of approval stating that such corporation has complied with the laws of this state, and granting such savings and loan association the authority to commence business.Source  Laws 1981, LB 500, § 20.
NE Code § 8-376 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-376 - Capital stock association; transaction of business; conditions.

8-376.  Capital stock association; transaction of business; conditions.No capital stock association shall transact any business, except the execution of its articles of incorporation, the adoption of the bylaws, and the election of directors and officers, until such association has been approved by the department and such association has submitted to the department evidence of insurance of accounts by an agency of the federal government. This section shall not apply to existing mutual associations operating without such insurance as of August 30, 1981, if they continue to operate as mutual associations.Source  Laws 1981, LB 500, § 21.
NE Code § 8-377 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-377 - Payment to person selling stock prohibited; exception.

8-377.  Payment to person selling stock prohibited; exception.No corporation organized for the purpose of conducting a savings and loan association under the laws of this state shall be granted a certificate of approval if there have been any premium, bonus, commission, compensation, reward, salary, or other forms of remuneration paid or promised to be paid, to any person for selling the stock of such corporation, except that reasonable compensation in the form of commissions may be paid to persons or organizations authorized by law to act as brokers of stock for acting in such capacity.Source  Laws 1981, LB 500, § 22.
NE Code § 8-378 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-378 - Mutual association; conversion to capital stock association; authorized; plan of conversion; approval required.

8-378.  Mutual association; conversion to capital stock association; authorized; plan of conversion; approval required.(1) Any state or federal mutual association, if substantial business benefit to the applicant will result, and if otherwise permitted by federal law and regulations, may apply to convert to a state or federal capital stock association, in accordance with the provisions set forth in sections 8-356 to 8-384 and in any rules and regulations that may be adopted or promulgated by the Department of Banking and Finance.(2) Any applicant subject to subsection (1) of this section seeking to convert its corporate form 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.(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 department. The department may approve or disapprove the plan of conversion in its discretion, but shall not approve the plan unless a finding is made, after appropriate examination, that substantial business benefit to the applicant will result, that the plan of conversion is fair and equitable, that the interests of the applicant, its members or stockholders, its savings account holders and the public are adequately protected, and that the converting applicant has complied with the requirements of this section. If the department approves the plan of conversion, the approval, which shall be in writing and sent to the home office of the converting applicant, may prescribe terms and conditions to be fulfilled either before or after the conversion to cause the applicant to conform with the requirements of sections 8-356 to 8-384. If the department disapproves the plan of conversion, the objections shall be stated in writing and sent to the home office of the converting applicant, and the applicant afforded an opportunity to amend and resubmit the plan within a reasonable time as prescribed by the department. In the event that the department disapproves the plan after such resubmission, written notice of such final disapproval shall be sent by certified mail to the applicant's home office.Source   Laws 1981, LB 500, § 23;  Laws 2003, LB 217, § 13.
NE Code § 8-379 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-379 - Mutual association; conversion to capital stock association; plan of conversion; approval of members or stockholders; procedure.

8-379.  Mutual association; conversion to capital stock association; plan of conversion; approval of members or stockholders; procedure.If the department approves a plan to conversion in accordance with section 8-378, such plan shall be submitted for adoption to the members or stockholders of the converting association by vote at an annual or special 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 stockholders and the converted association as a result of the adoption of such plan, shall be mailed to each member or stockholder eligible to vote at such meeting. 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 a conversion. If such plan is so approved, action shall be taken to obtain a charter, articles of incorporation, articles of association, or similar instrument, adopt bylaws, elect directors and officers and take such other action as is prescribed or appropriate for the type of corporation into which the converting applicant will be converted. A certified report of the proceedings at such meeting shall be filed promptly with the department.Source  Laws 1981, LB 500, § 24.
NE Code § 8-380 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-380 - Conversion; plan of conversion; requirements.

8-380.  Conversion; plan of conversion; requirements.In any plan of conversion from a capital stock form of organization to a mutual form:(1) Each savings account holder shall receive without payment a withdrawable account of the same general class in the converted institution equal in amount and equal in time tenure to his or her withdrawable account in the converting capital stock institution;(2) The plan shall specify how and in what amount the return of capital to each class of stockholder in the form of an exchange of stock for savings accounts shall be effectuated;(3) The plan shall provide for allocation of voting rights to the holders of savings accounts and the manner of exercise thereof; and(4) The plan shall provide for evidence of insurance of deposits and other accounts of a withdrawable type by an agency of the federal government.Source  Laws 1981, LB 500, § 25.
NE Code § 8-381 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-381 - Mutual association; conversion; certificate of conversion; issuance; when effective.

8-381.  Mutual association; conversion; certificate of conversion; issuance; when effective.If the department finds that a conversion proceeding has been completed in accordance with the requirements of sections 8-378 to 8-380 and any other applicable law and regulations, the department shall issue to the applicant a certificate of conversion, attaching as a part of such certificate a copy of the charter, articles of incorporation, articles of association, or similar instrument. Such conversion shall not become effective until the issuance of the certificate as provided in this section.Source  Laws 1981, LB 500, § 26.
NE Code § 8-382 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-382 - Mutual association; conversion; effect.

8-382.  Mutual association; conversion; effect.Upon the issuance to any applicant of a certificate of conversion as provided in section 8-381, the corporate existence of the converting association shall not terminate, but such association shall be a continuation of the entity so converted and all property of the converted 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 applicant, 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 applicant, and such converted association, upon issuance of the certificate of such conversion, shall continue to have and succeed to all the rights, obligations, and relations of the converting association. All pending actions and other judicial proceedings to which the converting 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 applicant may continue the actions in its new corporate name. Any judgment, order, or decree may be rendered for or against it which might have been rendered for or against the converting applicant theretofore involved in the proceedings.Source  Laws 1981, LB 500, § 27.
NE Code § 8-383 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-383 - State associations; consolidation or merger; procedure; proposed plan; approval; department; powers.

8-383.  State associations; consolidation or merger; procedure; proposed plan; approval; department; powers.When any savings and loan association or building and loan association organized under the laws of this state shall, by its duly qualified officers and board of directors, propose to consolidate or merge with any other savings and loan association or building and loan association or associations, each such association shall present the proposed plan of consolidation or merger, together with a statement of the condition of the affairs of such association to the department for its approval. Should the plan be approved by the department, the same shall be submitted to a regular or special meeting of the shareholders of each such association and notice of such meeting shall be given as the department may direct. If, at such meeting of the shareholders of any such association, not less than fifty-one percent of the shareholders vote affirmatively, either in person or by proxy, to adopt the proposed plan, as the same is approved and submitted by the department, the department shall, upon notice of the favorable result of the shareholders' meeting, direct each of such associations to put into effect the plan of consolidation or merger so approved. Such plan shall be in force and effect from and after the date of such order, except that such consolidation or merger shall not be approved and put into effect unless approved by a majority of those voting on the consolidation or merger. There is hereby vested in the department full power and authority to issue and enforce such orders having to do with carrying out the plan of consolidation or merger adopted as shall be necessary for the protection of the shareholders and distribution of the assets of the associations involved in the consolidation or merger.Source  Laws 1981, LB 500, § 28.
NE Code § 8-384 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-384 - Sections, how construed.

8-384.  Sections, how construed.In the event of an inconsistency between the provisions of sections 8-356 to 8-384 and the provisions of Chapter 8, article 3, such other provisions shall, to the extent of the inconsistency, be construed to be applicable to mutual associations only and not to the capital stock association.Source  Laws 1981, LB 500, § 29.
NE Code § 8-405 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-405 - Transferred to section 8-403.01.

8-405.  Transferred to section 8-403.01.
NE Code § 8-451 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-451 - Transferred to section 8-410.02.

8-451.  Transferred to section 8-410.02.
NE Code § 8-501 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-501 - Limitation of liability by contract; lease agreement; limitation of amount; assumption of risk; limitation of use; burden of proof.

8-501.  Limitation of liability by contract; lease agreement; limitation of amount; assumption of risk; limitation of use; burden of proof.Any corporation, partnership, limited liability company, or person engaged in the business of maintaining and operating safety deposit boxes for storage or deposit for safekeeping of securities or valuables within this state may, in any written lease or contract governing or regulating the use of any such box or boxes by any user or customer, create either the relationship of lessor and lessee or the relationship of bailor and bailee, and to the relationship so created the general laws of the state applicable thereto shall apply, except that where the relationship of lessor and lessee is created the liability of the lessor may be limited in any or all of the following particulars:(1) By limitation of liability for any loss to the lessee for and on account of negligence on the part of the lessor, his, her, or its agents or servants, to such maximum amount as may be stipulated, not less, however, than three hundred times the annual rental of such box or boxes;(2) By limitation of the use of such safety deposit box or boxes to exclude therefrom money, currency, jewelry, or securities payable to bearer and other tangible property of value and choses in action and to provide that if any such money, currency, jewelry, securities payable to bearer, or other tangible property of value or choses in action are placed therein by the lessee, the lessee shall assume the entire risk of loss thereof or damage thereto without any liability on the part of the lessor for any such loss or damage in any event or for any cause whatsoever;(3) By stipulation by the parties that evidence tending to prove that property left in any such safety deposit box upon the last entry by the lessee or his or her authorized agent or any part thereof was found missing upon subsequent entry shall not raise any presumption that the same was lost by any negligence or wrongdoing on the part of the lessor, his, her, or its agents or servants or to put upon the lessor of such safety deposit box the burden of proof that such alleged loss was not the fault of the lessor.Source   Laws 1941, c. 8, § 1, p. 77;   C.S.Supp.,1941, § 8-801;   R.S.1943, § 8-501;   Laws 1993, LB 121, § 91.
NE Code § 8-502 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-502 - Liability; determination of applicable law.

8-502.  Liability; determination of applicable law.The liabilities of the parties to any such contract shall in all other respects be governed either by the law applicable to lessor and lessee or the law applicable to bailor and bailee, whichever basis is stipulated in the contract between the owner of the safety deposit box and the user or customer thereof.Source   Laws 1941, c. 8, § 2, p. 78;   C.S.Supp.,1941, § 8-802;   R.S.1943, § 8-502.
NE Code § 8-601 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-601 - Director of Banking and Finance; employees; financial institutions; levy of assessment authorized.

8-601.  Director of Banking and Finance; employees; financial institutions; levy of assessment authorized.The Director of Banking and Finance may employ deputies, examiners, attorneys, and other assistants as may be necessary for the administration of the provisions and purposes of the Credit Union Act, Delayed Deposit Services Licensing Act, Interstate Branching and Merger Act, Interstate Trust Company Office Act, Nebraska Bank Holding Company Act of 1995, Nebraska Banking Act, Nebraska Financial Innovation Act, Nebraska Installment Loan Act, Nebraska Installment Sales Act, Nebraska Money Transmitters Act, Nebraska Trust Company Act, and Residential Mortgage Licensing Act; Chapter 8, articles 3, 5, 6, 7, 8, 13, 14, 15, 16, 19, 20, 24, and 25; and Chapter 45, articles 1 and 2. The director may levy upon financial institutions, namely, the banks, trust companies, building and loan associations, savings and loan associations, savings banks, digital asset depositories, and credit unions, organized under the laws of this state, and holding companies, if any, of such financial institutions, an assessment each year based upon the asset size of the financial institution, except that in determining the asset size of a holding company or digital asset depository, the assets of any financial institution or holding company otherwise assessed pursuant to this section and the assets of any nationally chartered financial institution shall be excluded. The assessment for digital asset depositories under the Nebraska Financial Innovation Act shall be in an amount to offset the costs of supervision and administration of the Nebraska Financial Innovation Act. The assessment shall be a sum determined by the director in accordance with section 8-606 and approved by the Governor.Source   Laws 1937, c. 20, § 1, p. 128;   C.S.Supp.,1941, § 8-701;   R.S.1943, § 8-601;   Laws 1955, c. 15, § 1, p. 83;   Laws 1973, LB 164, § 20;   Laws 1976, LB 561, § 2;   Laws 1980, LB 966, § 2;   Laws 1986, LB 910, § 1;  Laws 2002, LB 1094, § 6;  Laws 2003, LB 131, § 7;  Laws 2007, LB124, § 8;  Laws 2013, LB616, § 49;  Laws 2017, LB140, § 135;  Laws 2021, LB649, § 43.   Operative Date: October 1, 2021  Cross References   Credit Union Act, see section 21-1701.  Delayed Deposit Services Licensing Act, see section 45-901.  Interstate Branching and Merger Act, see section 8-2101.  Interstate Trust Company Office Act, see section 8-2301.  Nebraska Bank Holding Company Act of 1995, see section 8-908.  Nebraska Banking Act, see section 8-101.02.  Nebraska Financial Innovation Act, see section 8-3001.  Nebraska Installment Loan Act, see section 45-1001.  Nebraska Installment Sales Act, see section 45-334.  Nebraska Money Transmitters Act, see section 8-2701.  Nebraska Trust Company Act, see section 8-201.01.  Residential Mortgage Licensing Act, see section 45-701.
NE Code § 8-603 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-603 - Assessments, fees, and money collected by Director of Banking and Finance; use.

8-603.  Assessments, fees, and money collected by Director of Banking and Finance; use.The assessments referred to in sections 8-605 and 8-606, examination fees, investigation fees, filing fees, registration fees, licensing fees, and all other fees and money, except fines, collected by or paid to the Director of Banking and Finance under any of the laws specified in section 8-601, shall be remitted to the State Treasurer for credit to the Financial Institution Assessment Cash Fund. Fines collected by the director under such laws shall be remitted to the State Treasurer for distribution in accordance with Article VII, section 5, of the Constitution of Nebraska.Source  Laws 2007, LB124, § 10;  Laws 2017, LB140, § 137.
NE Code § 8-604 (2021)
2021 Nebraska Revised Statutes|Chapter 8 - Banks and Banking|8-604 - Financial Institution Assessment Cash Fund; created; use; investment.

8-604.  Financial Institution Assessment Cash Fund; created; use; investment.(1) The Financial Institution Assessment Cash Fund is hereby created. The fund shall be used solely for the purposes of administering and enforcing the laws specified in section 8-601.(2) Any money in the fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.Source Laws 2007, LB124, § 11.Cross References   Nebraska Capital Expansion Act, see section 72-1269.  Nebraska State Funds Investment Act, see section 72-1260.