Neb. Rev. Stat. § 8-1505
This is the official text of Neb. Rev. Stat. § 8-1505, 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 8-1505
Official statutory text
The Director of Banking and Finance may disapprove any proposed acquisition if:
(1) The financial condition of any acquiring person is such as might jeopardize the financial stability of the bank or trust company or prejudice the interests of the depositors of the bank or trust company;
(2) The competence, experience, or integrity of any acquiring person or of any of the proposed management personnel indicates that it would not be in the interest of the depositors of the bank or trust company or in the interest of the public to permit such person to control the bank or trust company; or
(3) Any acquiring person neglects, fails, or refuses to furnish the Director of Banking and Finance all the information required by him or her.
Laws 1983, LB 240, § 5;
Laws 1995, LB 599, § 8;
Laws 2003, LB 131, § 14.
(1) The financial condition of any acquiring person is such as might jeopardize the financial stability of the bank or trust company or prejudice the interests of the depositors of the bank or trust company;
(2) The competence, experience, or integrity of any acquiring person or of any of the proposed management personnel indicates that it would not be in the interest of the depositors of the bank or trust company or in the interest of the public to permit such person to control the bank or trust company; or
(3) Any acquiring person neglects, fails, or refuses to furnish the Director of Banking and Finance all the information required by him or her.
Laws 1983, LB 240, § 5;
Laws 1995, LB 599, § 8;
Laws 2003, LB 131, § 14.
Status: in_force · Read it on the official government site
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