US Laws, Codes, Statutes & Cases

The director shall, before assuming the duties of office, take and subscribe to the constitutional oath of office, and file the same in the office of the Secretary of State, and shall be bonded or insured as required by section 11-201.

Laws 1933, c. 18, § 1, p. 134

Laws 1935, c. 12, § 1, p. 81

C.S.Supp.,1941, § 8-1,122

R.S.1943, § 8-101

Laws 1947, c. 16, § 2, p. 96

Laws 1947, c. 11, § 1, p. 75

Laws 1951, c. 303, § 1, p. 994

Laws 1957, c. 367, § 2, p. 1289

Laws 1959, c. 425, § 1, p. 1427

Laws 1961, c. 14, § 1, p. 106

R.R.S.1943, § 8-101

Laws 1963, c. 29, § 4, p. 135

Laws 1967, c. 20, § 2, p. 122

Laws 1978, LB 653, § 4

Laws 2004, LB 884, § 3

For provisions of premium on bond of receiver,see section 25-21,218.

For provisions relating to appointment of Director of Bankingand Finance,see section 81-102.

Department of Banking is a legal entity, and as receiver and liquidating agent of bank, had authority, by proceeding in court, to prosecute action to collect stockholders' liability. Department of Banking v. Foe, 136 Neb. 422, 286 N.W. 264 (1939).

Under this section, the Department of Banking is a legal entity and has authority to sue. In re Estate of Hall, 136 Neb. 417, 286 N.W. 262 (1939); Department of Banking v. Hedges, 136 Neb. 382, 286 N.W. 277 (1939).

Under 1929 act, Department of Banking was ineligible to be appointed a judicial receiver because it was not a qualified legal entity. State ex rel. Sorensen v. Hoskins State Bank, 132 Neb. 878, 273 N.W. 834 (1937).