Without approval by the director, no asset shall be carried on the books of the bank resulting pursuant to section 8-181 , when the resulting bank is a state bank, at a valuation higher than that on the books of the converting, merging, or consolidating bank at the time of the examination, by a state or national bank examiner, last occurring before the effective date of the conversion, merger, or consolidation.
Neb. Rev. Stat. § 8-183
National or state bank; conversion, merger, or consolidation; resulting bank; assets; valuation
Laws 1951, c. 11, § 1(6), p. 86; R.R.S.1943, § 8-165.05; Laws 1963, c. 29, § 83, p. 167; Laws 2017, LB140, § 78.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.