Nebraska Revised Statute 8-116

Chapter 8 Section 116

8-116.

Banks; capital stock; amount required.

(1) Except as provided in subsection (2) of this section, a charter for a bank shall not be issued unless the corporation applying therefor has surplus and paid-up capital stock in an amount not less than the amount necessary for compliance with subsection (1) of section 8-702 for the insurance of deposits.

(2) The director has the authority to determine the minimum amount of paid-up capital stock and surplus required for any corporation applying for a bank charter, which amount shall not be less than the amount provided in subsection (1) of this section.

Source

  • Laws 1909, c. 10, § 13, p. 72;
  • R.S.1913, § 292;
  • Laws 1919, c. 190, tit. V, art. XVI, § 11, p. 689;
  • Laws 1921, c. 297, § 3, p. 950;
  • C.S.1922, § 7992;
  • Laws 1923, c. 192, § 1, p. 463;
  • C.S.1929, § 8-122;
  • Laws 1935, c. 19, § 1, p. 95;
  • C.S.Supp.,1941, § 8-122;
  • Laws 1943, c. 19, § 3(1), p. 102;
  • R.S.1943, § 8-119;
  • Laws 1959, c. 15, § 3, p. 132;
  • Laws 1961, c. 15, § 1, p. 111;
  • R.R.S.1943, § 8-119;
  • Laws 1963, c. 29, § 16, p. 140;
  • Laws 1967, c. 19, § 3, p. 118;
  • Laws 1973, LB 164, § 4;
  • Laws 1979, LB 220, § 3;
  • Laws 1983, LB 252, § 2;
  • Laws 2002, LB 1094, § 3;
  • Laws 2008, LB851, § 2;
  • Laws 2015, LB155, § 1;
  • Laws 2017, LB140, § 16.