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2025 Nebraska Revised Statutes
Chapter 8 - Banks and Banking
8-3213 - Term and termination.

Universal Citation:
NE Code § 8-3213 (2025)
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8-3213. Term and termination.

(a) Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded.

(b) Unless otherwise provided in the account agreement, if the financial institution cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the financial institution shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.

(c) A financial institution that pays the remaining balance as provided under subsection (b) has no further obligation with respect to the special deposit.

Source

  • Laws 2025, LB231, ยง 13.
  • Effective Date: September 3, 2025

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