2009 Nebraska Code
Chapter 8 BANKS AND BANKING
8-214 Pledged securities; release upon surrender of fiduciary powers; conditions.

8-214. Pledged securities; release upon surrender of fiduciary powers; conditions.

Any national bank, federal savings association, federally chartered trust company, or out-of-state trust company authorized under the Interstate Trust Company Office Act which has surrendered its right to exercise such fiduciary powers in this state may have its pledged securities released to it upon furnishing to the Department of Banking and Finance a certificate by its primary financial institution regulator that such national bank, federal savings association, federally chartered trust company, or out-of-state trust company authorized under the Interstate Trust Company Office Act is no longer authorized to exercise such powers and has been relieved, in accordance with the laws of this state, of all duties and obligations as assignee, receiver, or trustee, either by appointment of court or under will, and for depository of money in court.

Source

Laws 1939, c. 3, § 2, p. 60;
C.S.Supp.,1941, § 8-212;
R.S.1943, § 8-214;
Laws 1993, LB 81, § 28;
Laws 1998, LB 1321, § 43.

Cross References

Interstate Trust Company Office Act, see section 8-2301.