Banks; trust department; separation from other departments; powers; duties.

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  4. Banks; trust department; separation from other departments; powers; duties.

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8-162. Banks; trust department; separation from other departments; powers; duties.

The trust department of a bank when chartered under sections 8-159 to 8-161 shall be separate and apart from every other department of the bank and shall have all of the powers, duties, and obligations of a trust company provided in the Nebraska Trust Company Act.

Source

  • Laws 1959, c. 19, § 4, p. 144;
  • Laws 1961, c. 14, § 7, p. 108;
  • R.R.S.1943, § 8-1,121;
  • Laws 1963, c. 29, § 62, p. 159;
  • Laws 1993, LB 81, § 12;
  • Laws 1998, LB 1321, § 13.

Cross References

  • Nebraska Trust Company Act, see section 8-201.01.


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