2006 Nebraska Revised Statutes - § 77-2320 — County funds; depositories; security in lieu of bond.

Section 77-2320
County funds; depositories; security in lieu of bond.

In lieu of a bond as provided in sections 77-2316 to 77-2319, any bank, capital stock financial institution, or qualifying mutual financial institution making application to become a depository under sections 77-2312 to 77-2324 may give security as provided in the Public Funds Deposit Security Act to the county clerk. Section 77-2366 shall apply to deposits in capital stock financial institutions. Section 77-2365.01 shall apply to deposits in qualifying mutual financial institutions.

Source:

Laws 1909, c. 35, § 1, p. 216

R.S.1913, § 6662

C.S.1922, § 6193

Laws 1925, c. 96, § 1, p. 279

Laws 1927, c. 34, § 2, p. 156

Laws 1929, c. 36, § 1, p. 151

C.S.1929, § 77-2508

Laws 1935, c. 152, § 4, p. 563

Laws 1939, c. 103, § 3, p. 464

C.S.Supp.,1941, § 77-2508

R.S.1943, § 77-2320

Laws 1959, c. 263, § 15, p. 945

Laws 1977, LB 266, § 2

Laws 1988, LB 703, § 3

Laws 1989, LB 33, § 39

Laws 1989, LB 377, § 13

Laws 1996, LB 1274, § 32

Laws 2001, LB 362, § 41

Cross References:

Public Funds Deposit Security Act,see section 77-2386.

Annotations:

Banks designated as depositories may pledge assets of bank to secure state and county funds when deposited therein. Bliss v. Pathfinder Irr. Dist. 122 Neb. 203, 240 N.W. 291 (1932).

Specification of certain assets which bank may pledge to secure repayment of county deposits is not a limitation on power to pledge others. Bliss v. Mason, 121 Neb. 484, 237 N.W. 581 (1931).

~Reissue Revised Statutes of Nebraska