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2020 Nebraska Revised Statutes
Chapter 49 - Law
49-1497 Financial institution, defined; irrevocable trust; how treated.
Universal Citation: NE Code § 49-1497 (2020)
49-1497. Financial institution, defined; irrevocable trust; how treated.
(1) For purposes of section 49-1496, financial institution means:
(a) A bank or banking corporation as defined in section 8-101.03;
(b) A federal bank or branch bank;
(c) An insurance company providing a loan on an insurance policy;
(d) A small loan company;
(e) A state or federal savings and loan association or credit union; or
(f) The federal government or any political subdivision thereof.
(2) The res or the income of an irrevocable trust of a member of the individual's immediate family is not required to be reported pursuant to section 49-1496.
Source
- Laws 1976, LB 987, § 97;
- Laws 2005, LB 242, § 38;
- Laws 2017, LB140, § 158.
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