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2021 Nebraska Revised Statutes
Chapter 8 - Banks and Banking
8-3020 - Conditions to commence business; compliance required; failure to commence business; effect.

Universal Citation:
NE Code § 8-3020 (2021)
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8-3020. Conditions to commence business; compliance required; failure to commence business; effect.

(1) If an application is approved and a charter or authority is granted by the director under section 8-3019, the digital asset depository shall not commence business before satisfaction of all conditions precedent contained in the director's order or conditional order.

(2) If an approved digital asset depository fails to commence business in good faith within twelve months after the issuance of a charter or an order of authority to operate by the director, the charter or authority shall expire. The director, for good cause and upon an application filed prior to the expiration of the six-month period, may extend the time within which the digital asset depository may open for business.

Source

  • Laws 2021, LB649, ยง 20.
  • Operative Date: October 1, 2021

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