Neb. Rev. Stat. § 8-3206

This is the official text of Neb. Rev. Stat. § 8-3206, 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 8-3206

Official statutory text

(a) A special deposit must serve at least one permissible purpose stated in the account agreement from the time the special deposit is created in the account agreement until termination of the special deposit.

(b) If, before termination of the special deposit, the financial institution or a court determines the special deposit no longer satisfies subsection (a), sections 8-3208 to 8-3211 cease to apply to any funds deposited in the special deposit after the special deposit ceases to satisfy subsection (a).

(c) If, before termination of a special deposit, the financial institution determines the special deposit no longer satisfies subsection (a), the financial institution may take action it believes is necessary under the circumstances, including terminating the special deposit.

Laws 2025, LB231, § 6.

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.