Nebraska § 8-203 General powers

Nebraska Statutes

§ 8-203 — General powers

Nebraska § 8-203

Ch. 8Banks and Banking

This text of Nebraska § 8-203 (General powers) 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. § 8-203 (2026).

Text

The trust company shall have power:

(1)To have a corporate name;

(2)To have a corporate seal;

(3)To sue and be sued and complain and defend in all courts of law and equity;

(4)To receive reasonable compensation for all services performed by it under the Nebraska Trust Company Act;

(5)To make bylaws not inconsistent with the act or its articles of incorporation for the management of its affairs; and

(6)To appoint or elect such officers and agents as the business of the corporation may require.

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The trust company shall have power:
(1) To have a corporate name;
(2) To have a corporate seal;
(3) To sue and be sued and complain and defend in all courts of law and equity;
(4) To receive reasonable compensation for all services performed by it under the Nebraska Trust Company Act;
(5) To make bylaws not inconsistent with the act or its articles of incorporation for the management of its affairs; and
(6) To appoint or elect such officers and agents as the business of the corporation may require.

Legislative History

Source: Laws 1911, c. 31, § 2, p. 188; R.S.1913, § 740; Laws 1919, c. 190, tit. V, art. XVIII, § 4, p. 718; C.S.1922, § 8065; C.S.1929, § 8-203; R.S.1943, § 8-203; Laws 1993, LB 81, § 16; Laws 1998, LB 1321, § 35.