US Laws, Codes, Statutes & Cases

(1) A charter for a bank hereafter organized shall not be issued unless the corporation applying therefor shall have a surplus of not less than fifty thousand dollars or fifty percent of its paid-up capital stock, whichever is greater, and a paid-up capital stock as follows: In villages or counties of less than one thousand inhabitants, one hundred thousand dollars; in cities, villages, or counties of one thousand or more and less than twenty-five thousand inhabitants, not less than one hundred fifty thousand dollars; in cities or counties of twenty-five thousand or more and less than one hundred thousand inhabitants, not less than two hundred thousand dollars; and in cities or counties of one hundred thousand or more inhabitants, not less than five hundred thousand dollars. Such corporation shall also have minimum paid-in undivided profits of not less than twenty percent of its paid-up capital stock.

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

(3) For purposes of this section, population shall be determined by the most recent federal decennial census.

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