2012 Nebraska Revised Statutes
Chapter 8 - BANKS AND BANKING
8-187 - Banks; department may take possession; when; examination of affairs; liens dissolved; retention of possession.
Whenever it appears to the department from any examination or report provided for by the laws of this state that the capital of any bank is impaired, or that such bank is conducting its business in an unsafe or unauthorized manner, or is endangering the interests of its depositors, or upon failure of such bank to make any of the reports or statements required by the laws of this state, or if the officers or employees of any bank refuse to submit its books, papers, and affairs to the inspection of any examiner, or if any officer thereof refuses to be examined upon oath touching the affairs of any such bank, or if from any examination or report provided for by law, the department has reason to conclude that such bank is in an unsafe or unsound condition to transact the business for which it is organized, or that it is unsafe and inexpedient for it to continue business, or if any such bank neglects or refuses to observe any order of the department, the department may forthwith take possession of the property and business of the bank and shall thereafter conduct the affairs of the bank, and shall retain possession of all money, rights, credits, assets, and property of every description belonging to the bank, as against any mesne or final process issued by any court against the bank whose property has been taken, and may retain possession for a sufficient time to make an examination of its affairs and dispose thereof as provided by law. All levies, judgment liens, attachments, or other liens obtained through legal proceedings against the bank or its property, acquired within sixty days next preceding the taking of possession, in the event the bank is liquidated and the business of the bank is not resumed or carried on after the taking over thereof by the department, shall be void and the property affected by the levy, judgment lien, attachment, or other lien so obtained shall be wholly discharged and released therefrom. The director shall retain possession of the property and business of the bank until the bank shall resume business or its affairs are finally liquidated as provided in the Nebraska Banking Act.
- Laws 1909, c. 10, § 48, p. 89;
R.S.1913, § 328;
Laws 1919, c. 190, tit. V, art. XVI, § 49, p. 705;
C.S.1922, § 8029;
Laws 1923, c. 191, § 11, p. 443;
Laws 1925, c. 30, § 1, p. 122;
Laws 1929, c. 38, § 16, p. 164;
C.S.1929, § 8-181;
Laws 1933, c. 18, § 42, p. 157;
C.S.Supp.,1941, § 8-181;
R.S.1943, § 8-173;
Laws 1963, c. 29, § 87, p. 168;
Laws 1987, LB 2, § 11;
Laws 1998, LB 1321, § 16.
2. Liens
3. Liquidation
4. Reorganization
5. Miscellaneous
1. Taking possession
2. Liens
3. Liquidation
4. Reorganization
5. Miscellaneous
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