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Neb. Rev. Stat. § 8-116.01

This is the official text of Neb. Rev. Stat. § 8-116.01, part of Nebraska’s Rev. Stat — part of the compiled statutory law of Nebraska, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.

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View Statute 8-116.01

Official statutory text

With the approval of the director, any bank may at any time, through action of its board of directors and without requiring any action of its stockholders, issue and sell its capital notes or debentures. Such capital notes or debentures shall be subordinate and subject to the claims of depositors and may be subordinated and subjected to the claims of other creditors. Before any such capital notes or debentures are retired or paid by the bank, any existing deficiency of its capital, disregarding the notes or debentures to be retired, must be paid in, in cash, to the end that the sound capital assets shall at least equal the capital or capital stock of the bank. Such capital notes or debentures shall in no case be subject to any assessment. The holders of such capital notes or debentures shall not be held individually responsible as such holders for any debts, contracts, or engagements of such bank and shall not be held liable for assessments to restore impairments in the capital of such bank.

Laws 1935, c. 8, § 11, p. 76;

C.S.Supp.,1941, § 8-411;

R.S.1943, § 8-710;

Laws 1961, c. 14, § 9, p. 109;

R.R.S.1943, § 8-710;

Laws 1973, LB 164, § 5;

Laws 2003, LB 217, § 3;

Laws 2005, LB 533, § 3;

Laws 2017, LB140, § 17.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.