The department may be designated the receiver and liquidating agent for any financial institution chartered by the department and, subject to the district court's supervision and control, may proceed to liquidate such financial institution or reorganize it in accordance with the Nebraska Banking Act.
Neb. Rev. Stat. § 8-198
Financial institutions; designation of receiver and liquidating agent; department; powers
Applied in 2 court decisions — leading case 2 Neb. Ct. App. 123 - Association of Commonwealth v. Hake (1993)
Most recently applied in 2 Neb. Ct. App. 123 - Association of Commonwealth v. Hake (October 1993)
Laws 1929, c. 38, § 11, p. 163; C.S.1929, § 8-192; Laws 1933, c. 18, § 52, p. 162; Laws 1941, c. 9, § 1, p. 79; Laws 1941, c. 180, § 1, p. 700; C.S.Supp.,1941, § 8-192; R.S.1943…
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.