County funds; depositories; security in lieu of bond.

  1. Law
  2. Nebraska Revised Statutes
  3. Revenue and Taxation
  4. County funds; depositories; security in lieu of bond.

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77-2320. County funds; depositories; security in lieu of bond.

In lieu of a bond as provided in sections 77-2316 to 77-2319, any bank, capital stock financial institution, or qualifying mutual financial institution making application to become a depository under sections 77-2312 to 77-2324 may give security as provided in the Public Funds Deposit Security Act to the county treasurer. Section 77-2366 shall apply to deposits in capital stock financial institutions. Section 77-2365.01 shall apply to deposits in qualifying mutual financial institutions.

Source

  • Laws 1909, c. 35, § 1, p. 216;
  • R.S.1913, § 6662;
  • C.S.1922, § 6193;
  • Laws 1925, c. 96, § 1, p. 279;
  • Laws 1927, c. 34, § 2, p. 156;
  • Laws 1929, c. 36, § 1, p. 151;
  • C.S.1929, § 77-2508;
  • Laws 1935, c. 152, § 4, p. 563;
  • Laws 1939, c. 103, § 3, p. 464;
  • C.S.Supp.,1941, § 77-2508;
  • R.S.1943, § 77-2320;
  • Laws 1959, c. 263, § 15, p. 945;
  • Laws 1977, LB 266, § 2;
  • Laws 1988, LB 703, § 3;
  • Laws 1989, LB 33, § 39;
  • Laws 1989, LB 377, § 13;
  • Laws 1996, LB 1274, § 32;
  • Laws 2001, LB 362, § 41;
  • Laws 2012, LB879, § 1.

Cross References

  • Public Funds Deposit Security Act, see section 77-2386.

Annotations

  • Banks designated as depositories may pledge assets of bank to secure state and county funds when deposited therein. Bliss v. Pathfinder Irr. Dist., 122 Neb. 203, 240 N.W. 291 (1932).

  • Specification of certain assets which bank may pledge to secure repayment of county deposits is not a limitation on power to pledge others. Bliss v. Mason, 121 Neb. 484, 237 N.W. 581 (1931).


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