Nebraska § 21-2114 Funds; deposit

Nebraska Statutes

§ 21-2114 — Funds; deposit

Nebraska § 21-2114

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-2114 (Funds; deposit) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 21-2114 (2026).

Text

No corporation organized under the provisions of sections  21-2101  to  21-2117  shall at any time be authorized to receive money on deposit. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.

Free access — add to your briefcase to read the full text and ask questions with AI

No corporation organized under the provisions of sections 21-2101 to 21-2117 shall at any time be authorized to receive money on deposit. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.