reglab/housing_qa huggingface dataset:
NE Code § 30-3203 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3203 - Section; applicability.

30-3203.  Section; applicability.Section 30-3201 shall apply to fiduciary relationships whether now in existence or established after November 18, 1965.Source   Laws 1965, c. 113, § 2, p. 438;   R.S.1943, (1985), § 24-601.03.
NE Code § 30-3204 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3204 - Securities received by fiduciary; investments authorized.

30-3204.  Securities received by fiduciary; investments authorized.Trust funds received by administrators, executors, trustees or guardians may be kept invested in the securities received by them unless it shall be otherwise ordered by the court of appointment or unless the instrument under which such trust was created shall direct that a change of investments shall be made, and they shall not be liable for any loss that may occur through the depreciation of such securities. The provisions of this section and section 30-3201 shall in no manner affect the right of fiduciaries to continue the investments existing before August 9, 1933, that do not conform to the standards contained in said sections, but any investments so held that do conform, or subsequently acquired under the provisions of said sections may be continued notwithstanding changes in conditions of the security or the obligor that would render such securities ineligible for further investments.Source   Laws 1933, c. 64, § 2, p. 300;   C.S.Supp.,1941, § 27-602;   R.S.1943, § 24-602;   R.S.1943, (1985), § 24-602.  Annotations This section is not applicable where the will directs that securities of deceased be converted into cash. Bates v. Scottsbluff Nat. Bank, 190 Neb. 456, 209 N.W.2d 165 (1973).
NE Code § 30-3207 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3207 - Bank or trust company; common trust funds authorized; investments; conditions.

30-3207.  Bank or trust company; common trust funds authorized; investments; conditions.Any bank or trust company qualified to act as fiduciary in this state may establish common trust funds for the purpose of furnishing investments to itself as fiduciary, or to itself and others, as cofiduciaries, and may, as such fiduciary or cofiduciary, invest funds which it lawfully holds for investment in interests in such common trust funds, if such investment is not prohibited by the instrument, judgment, decree, or order creating such fiduciary relationship and if, in the case of cofiduciaries, the bank or trust company procures the consent of its cofiduciaries to such investment.Source   Laws 1953, c. 67, § 1, p. 212;   R.S.1943, (1985), § 24-601.01.
NE Code § 30-3208 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3208 - Bank or trust company; powers.

30-3208.  Bank or trust company; powers.(1) Notwithstanding the provisions of sections 30-3201 and 30-3207, any bank or trust company qualified to act as fiduciary in this state may:(a) Establish and maintain common trust funds for the collective investment of funds held in any fiduciary capacity by it or by another bank or trust company which is owned or controlled by a corporation which owns or controls such bank or trust company; and(b) As a fiduciary or cofiduciary, invest funds which it holds for investment in common trust funds established and maintained by another bank or trust company which is owned or controlled by a corporation which owns or controls such bank or trust company if such investment is not prohibited by the instrument, judgment, decree, or order creating such fiduciary relationship.(2) To the extent not inconsistent with this section, sections 30-3201 to 30-3203 and 30-3207 shall apply to the establishment and maintenance of, and investment in common trust funds under this section.(3) This section shall apply to fiduciary relationships now in existence or hereafter created.Source   Laws 1982, LB 951, § 1;   R.S.1943, (1985), § 24-601.05.
NE Code § 30-3210 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3210 - Real estate mortgage; purchase of stock in federal corporation; court may authorize.

30-3210.  Real estate mortgage; purchase of stock in federal corporation; court may authorize.When any court of competent jurisdiction shall issue a license to any trustee, executor, administrator or guardian to execute a real estate mortgage, such court may authorize the trustee, executor, administrator or guardian to purchase stock in any association or corporation created or which may be created by authority of the United States and as an instrumentality of the United States when such purchase of stock is necessary or required as an incident to obtaining such loan; Provided, the amount of stock which may be purchased shall be limited to the amount of stock required for the proposed loan.Source   Laws 1935, c. 68, § 2, p. 246;   C.S.Supp.,1941, § 27-604;   R.S.1943, § 24-603;   R.S.1943, (1985), § 24-603.
NE Code § 30-3211 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3211 - Registration of securities; name; conditions; liability of fiduciary.

30-3211.  Registration of securities; name; conditions; liability of fiduciary.Any person or any corporation holding any stock, bond, note, debenture, or any other security or property, the title to which may be registered, hereinafter referred to as a security, as executor, administrator, trustee, guardian, conservator or in any other fiduciary capacity, may cause the same to be registered in his or its own name or in the name of a nominee without any words indicating the fiduciary capacity in which such security is held; Provided, (1) the accounts and records of such person or corporation at all times clearly show that such security was held by such person or corporation in such fiduciary capacity; (2) said security is kept separate and apart from the property held by such person or corporation in his or its own right or in any other fiduciary capacity, or such security may be evidenced by book entry; (3) such fiduciary at all times has possession of such security and, if registered in the name of a nominee, before or promptly after such registration, secures from the nominee all such instruments as may be necessary to transfer the same without any further act of such nominee; and (4) the fiduciary shall be liable individually and in his or its own right for any loss resulting to the fiduciary estate because said security was so registered instead of being registered in his or its name as such fiduciary.Source   Laws 1947, c. 80, § 1, p. 253;   Laws 1978, LB 763, § 2;   R.S.1943, (1985), § 24-604.  Annotations Passage of nominee statute in 1947 was such a change of circumstances as to require bond of testamentary trustee even though will provided that no bond be required. In re Estate of Grainger, 151 Neb. 555, 38 N.W.2d 435 (1949).
NE Code § 30-3212 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3212 - Registration of securities; name of nominee.

30-3212.  Registration of securities; name of nominee.A corporation acting as one of two or more fiduciaries, with the consent of its cofiduciary or cofiduciaries, who are hereby authorized to give such consent, may register a security held by said fiduciaries in the name of its nominee, subject in all respects to the requirements, provisions and liabilities set forth in section 30-3211.Source   Laws 1947, c. 80, § 2, p. 254;   R.S.1943, (1985), § 24-605.
NE Code § 30-3213 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3213 - Real estate investment trust, defined.

30-3213.  Real estate investment trust, defined.For the purpose of this section and section 30-3214 real estate investment trust shall mean an unincorporated trust or an unincorporated association:(1) Which is managed by one or more trustees;(2) The beneficial ownership of which is evidenced by the transferable shares, or by transferable certificates of beneficial interest;(3) Which does not hold any property primarily for sale to customers in the ordinary course of its trade or business; and(4) The beneficial ownership of which is held by one hundred or more persons.Source   Laws 1961, c. 108, § 1, p. 345;   R.S.1943, (1985), § 24-632.
NE Code § 30-3214 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3214 - Real estate investment trust; articles of agreement or trust; filing.

30-3214.  Real estate investment trust; articles of agreement or trust; filing.A real estate investment trust shall file its articles of agreement or of trust or any modifications thereof with the Secretary of State and with the county clerk of the county in this state in which the trust has its principal place of doing business by complying with the same procedures as set forth in sections 21-215, 21-219 to 21-225, and 21-2,150 to 21-2,160. Such filing shall include a copy of the articles of agreement or of trust and shall name a resident agent in the State of Nebraska and the principal place of doing business in this state.Source   Laws 1961, c. 108, § 2, p. 345;   Laws 1965, c. 114, § 1, p. 439;   R.S.1943, (1985), § 24-633;   Laws 1995, LB 109, § 213;  Laws 2014, LB749, § 278.
NE Code § 30-3215 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3215 - Private foundations and split-interest trusts; prohibited acts.

30-3215.  Private foundations and split-interest trusts; prohibited acts.Notwithstanding any provision to the contrary in the governing instrument or under any other law of this state and except as otherwise provided by court decree entered after April 30, 1971, a trust, whenever created, which is a private foundation or a split-interest trust as defined in sections 509 and 4947, respectively, of the Internal Revenue Code, during the period it is a private foundation or split-interest trust as so defined:(1) Shall not engage in any act of self-dealing as defined in section 4941(d) of such code;(2) Shall distribute the trust income for each taxable year at such time and in such manner as not to subject the trust to the tax on undistributed income imposed by section 4942 of such code;(3) Shall not retain any excess business holdings as defined in section 4943(c) of such code;(4) Shall not make any investment in such manner as to subject the trust to tax under section 4944 of such code; and(5) Shall not make any taxable expenditure as defined in section 4945(d) of such code.Except as otherwise provided by court decree entered after April 30, 1971, the prohibitions and requirements imposed upon such a trust by subdivisions (1) through (5) of this section shall be deemed to be included within the governing instrument of every private foundation or split-interest trust, as defined in this section.Source   Laws 1971, LB 793, § 1;   R.S.1943, (1985), § 24-634;   Laws 1995, LB 574, § 40.
NE Code § 30-3216 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3216 - Private foundations and split-interest trusts; governing instrument; amendments permitted.

30-3216.  Private foundations and split-interest trusts; governing instrument; amendments permitted.The trustee of a trust, whenever created, which is a private foundation or a split-interest trust as defined in sections 509 and 4947, respectively, of the Internal Revenue Code may, notwithstanding any provision to the contrary in the governing instrument or under any other law of this state and except as otherwise provided by court decree entered after April 30, 1971, amend the terms of the governing instrument to the extent necessary to bring the trust into conformity with the requirements for:(1) Termination of private foundation status in the manner described in section 507 of such code, and exemption of the trust from the taxes imposed by sections 4941 to 4945, inclusive, thereof; or(2) Exclusion of the trust from private foundation status under section 509(a)(3) of such code; and to this end may release any power contained in the governing instrument, may reduce or limit the charitable organizations or classes of charitable organizations in whose favor a power to select may be exercised, and may appoint new or additional trustees. If the trust is for the benefit of one or more named charitable organizations, the trustee shall first obtain the consent of those organizations before making any amendment under this subdivision.Source   Laws 1971, LB 793, § 2;   R.S.1943, (1985), § 24-635;   Laws 1995, LB 574, § 41.
NE Code § 30-3217 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3217 - Private foundations and split-interest trusts; applicability of sections.

30-3217.  Private foundations and split-interest trusts; applicability of sections.A trustee of a trust which is a private foundation or a split-interest trust as defined in section 30-3215, may elect that sections 30-3215 to 30-3218 shall not apply to such trust and its trustee or trustees by so notifying the Attorney General in writing within six months following April 30, 1971, or when such trust becomes subject to sections 30-3215 to 30-3218, whichever last occurs. Section 30-3215 shall not apply to any trust with respect to which notice has been given, unless the trust is amended to comply with the terms of section 30-3215.Source   Laws 1971, LB 793, § 3;   R.S.1943, (1985), § 24-636.
NE Code § 30-3218 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3218 - Private foundations and split-interest trusts; sections; how interpreted.

30-3218.  Private foundations and split-interest trusts; sections; how interpreted.Sections 30-3215 to 30-3218 shall be interpreted to effectuate the intent of the State of Nebraska to preserve, foster and encourage gifts to or for the benefit of charitable organizations and to preserve to such organizations their right to exemption from federal income taxes.Source   Laws 1971, LB 793, § 4;   R.S.1943, (1985), § 24-637.
NE Code § 30-3219 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3219 - Electric and communication facilities; easement; license and agreement for construction, operation, and maintenance; fiduciaries; execution.

30-3219.  Electric and communication facilities; easement; license and agreement for construction, operation, and maintenance; fiduciaries; execution.Administrators and executors of the estates of deceased persons, trustees of trust estates, the guardians of estates of minors and incompetent persons, and conservators may execute easements, licenses, and other contracts with public power districts, electric membership associations, cooperative corporations, individuals, partnerships, limited liability companies, or corporations for the construction, operation, and maintenance of electric generation, transmission, or distribution facilities or facilities for the transmission or distribution of communications upon such terms and conditions as the administrators, executors, trustees, guardians, or conservators of such persons deem reasonable and equitable, and for the best interests of the estates of deceased persons, minors, incompetents, and beneficiaries of a trust.Source   Laws 1961, c. 462, § 1, p. 1406;   Laws 1993, LB 121, § 552;   R.S.1943, (1999), § 86-337;  Laws 2002, LB 1105, § 434.  Cross References  Oil and gas pipeline easements, powers, see section 57-401.
NE Code § 30-3220 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3220 - Electric and communication facilities; easement; license and agreement for construction, operation, and maintenance; fiduciaries; execution; procedure.

30-3220.  Electric and communication facilities; easement; license and agreement for construction, operation, and maintenance; fiduciaries; execution; procedure.Easements and contracts authorized in section 30-3219 shall be entered into by administrators, executors, trustees, guardians, and conservators only upon compliance with and upon securing the approval of the county court of the county where the real estate is located in the manner provided in section 57-402, pertaining to oil and gas pipeline easements.Source   Laws 1961, c. 462, § 2, p. 1406;   Laws 1972, LB 1032, § 283;   R.S.1943, (1999), § 86-338;  Laws 2002, LB 1105, § 435.
NE Code § 30-3401 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3401 - Legislative intent.

30-3401.  Legislative intent.(1) It is the intent of the Legislature to establish a decisionmaking process which allows a competent adult to designate another person to make health care and medical treatment decisions if the adult becomes incapable of making such decisions.(2) The Legislature does not intend to encourage or discourage any particular health care or treatment decision or to create any new right or alter any existing right of competent adults to make such decisions, but the Legislature does intend through sections 30-3401 to 30-3432 to allow an adult to exercise rights he or she already possesses by means of delegation of decisionmaking authority to a designated attorney in fact.(3) Sections 30-3401 to 30-3432 shall not confer any new rights regarding the provision or rejection of any specific medical treatment and shall not alter any existing laws concerning homicide, suicide, or assisted suicide. Nothing in sections 30-3401 to 30-3432 shall be construed to condone, authorize, or approve homicide, suicide, or assisted suicide.Source  Laws 1992, LB 696, § 1.
NE Code § 30-3403 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3403 - Power of attorney for health care; designation; competency; presumption.

30-3403.  Power of attorney for health care; designation; competency; presumption.(1) A principal may confer a power of attorney for health care thereby designating another competent adult as attorney in fact for health care decisions in accordance with sections 30-3401 to 30-3432. A principal may also designate another competent adult as a successor attorney in fact to serve in place of the original attorney in fact when the original attorney in fact is not reasonably available or is unable or unwilling to serve as an attorney in fact. If, after the authority of a successor attorney in fact has commenced, the original attorney in fact becomes available, able, and willing to serve as attorney in fact, the authority of the successor attorney in fact shall cease and the authority of the original designee shall commence.(2) There shall be a rebuttable presumption that every adult is competent for purposes of executing a power of attorney for health care unless such adult has been adjudged incompetent or unless a guardian has been appointed for such adult.Source  Laws 1992, LB 696, § 3.
NE Code § 30-3404 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3404 - Power of attorney; contents.

30-3404.  Power of attorney; contents.The power of attorney for health care shall (1) be in writing, (2) identify the principal, the attorney in fact, and the successor attorney in fact, if any, (3) specifically authorize the attorney in fact to make health care decisions on behalf of the principal in the event the principal is incapable, (4) show the date of its execution, and (5) be witnessed and signed by at least two adults, each of whom witnesses either the signing and dating of the power of attorney for health care by the principal or the principal's acknowledgment of the signature and date, or be signed and acknowledged by the principal before a notary public who shall not be the attorney in fact or successor attorney in fact.Source   Laws 1992, LB 696, § 4;   Laws 1993, LB 782, § 20.
NE Code § 30-3405 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3405 - Witness; disqualification; declaration.

30-3405.  Witness; disqualification; declaration.(1)(a) The following shall not qualify to witness a power of attorney for health care: Any person who at the time of witnessing is the principal's spouse, parent, child, grandchild, sibling, presumptive heir, known devisee, attending physician, mental health treatment team member, romantic or dating partner, or attorney in fact; or an employee of a life or health insurance provider for the principal.(b) No more than one witness may be an administrator or employee of a health care provider who is caring for or treating the principal.(2) Each witness shall make the written declaration in substantially the form prescribed in section 30-3408.Source   Laws 1992, LB 696, § 5;  Laws 2020, LB247, § 17.
NE Code § 30-3406 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3406 - Attorney in fact; disqualification.

30-3406.  Attorney in fact; disqualification.None of the following may serve as an attorney in fact:(1) The attending physician or a member of the mental health treatment team of the principal;(2) An employee of the attending physician or a member of the mental health treatment team of the principal who is unrelated to the principal by blood, marriage, or adoption;(3) A person unrelated to the principal by blood, marriage, or adoption who is an owner, operator, or employee of a health care provider in or of which the principal is a patient or resident; and(4) A person unrelated to the principal by blood, marriage, or adoption if, at the time of the proposed designation, he or she is presently serving as an attorney in fact for ten or more principals.Source   Laws 1992, LB 696, § 6;  Laws 2020, LB247, § 18.
NE Code § 30-3407 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3407 - Attorney in fact; withdrawal.

30-3407.  Attorney in fact; withdrawal.At any time when the principal is not incapable, the attorney in fact may withdraw by giving notice to the principal. At any time when the principal is incapable, the attorney in fact may withdraw by giving notice to the health care provider who shall cause the withdrawal to be made a part of the principal's medical records.Source   Laws 1992, LB 696, § 7;   Laws 1993, LB 782, § 21.
NE Code § 30-3409 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3409 - Power of attorney; medical record.

30-3409.  Power of attorney; medical record.The power of attorney for health care, when its existence becomes known, shall be made a part of the principal's medical record with any health care provider in or of which the principal is a patient or resides.Source   Laws 1992, LB 696, § 9;   Laws 1993, LB 782, § 23.
NE Code § 30-3410 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3410 - Power of attorney; duration.

30-3410.  Power of attorney; duration.A power of attorney for health care shall continue in effect until the principal's death, until revoked pursuant to section 30-3420, or until the attorney in fact and any successor attorney in fact withdraws pursuant to section 30-3407.Source  Laws 1992, LB 696, § 10.
NE Code § 30-3411 (2021)
2021 Nebraska Revised Statutes|Chapter 30 - Decedents' Estates; Protection of Persons and Property|30-3411 - Authority of attorney in fact; commencement.

30-3411.  Authority of attorney in fact; commencement.The authority of the attorney in fact shall commence upon a determination pursuant to section 30-3412 that the principal is incapable of making health care decisions.Source  Laws 1992, LB 696, § 11.