Nebraska Statutes

§ 49-1497 — Financial institution, defined; irrevocable trust; how treated

Nebraska·Ch. 49 Law
(1)For purposes of section 49-1496 , financial institution means:
(a)A bank or banking corporation as defined in section 8-101.03 ;
(b)A federal bank or branch bank;
(c)An insurance company providing a loan on an insurance policy;
(d)A small loan company;
(e)A state or federal savings and loan association or credit union; or
(f)The federal government or any political subdivision thereof.
(2)The res or the income of an irrevocable trust of a member of the individual's immediate family is not required to be reported pursuant to section 49-1496 .

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Legislative History

Source: Laws 1976, LB 987, § 97; Laws 2005, LB 242, § 38; Laws 2017, LB140, § 158.

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