Nebraska § 8-230 Terms, defined

Nebraska Statutes

§ 8-230 — Terms, defined

Nebraska § 8-230

Ch. 8Banks and Banking

This text of Nebraska § 8-230 (Terms, defined) 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. § 8-230 (2026).

Text

For purposes of the Nebraska Trust Company Act, unless the context otherwise requires:

(1)Agency capacity means a capacity resulting from an undertaking to act alone or jointly with others primarily as agent for another in all matters connected with its undertaking, including the capacities of registrar, paying agent, or transfer agent with respect to stocks, bonds, or other evidences of indebtedness of any corporation, association, municipality, state, or public authority, escrow agent, or agent for the investment of money or any other similar capacity;

(2)Branch trust office means an office of a trust company, other than the main or principal office of a trust company, at which a trust company may act in any fiduciary capacity or conduct any activity permitted under the Nebraska Trust

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For
purposes of the Nebraska Trust Company Act, unless the context otherwise requires:
(1) Agency capacity means a capacity resulting from an undertaking to act alone or jointly with
others primarily as agent for another in all matters connected with its undertaking,
including the capacities of registrar, paying agent, or transfer agent with
respect to stocks, bonds, or other evidences of indebtedness of any corporation,
association, municipality, state, or public authority, escrow agent, or agent
for the investment of money or any other similar capacity;
(2) Branch trust office means an office of a trust company, other than
the main or principal office of a trust company, at which a trust company
may act in any fiduciary capacity or conduct any activity permitted under
the Nebraska Trust Company Act;
(3) Fiduciary capacity means a capacity resulting from an undertaking to act alone or jointly with
others primarily for the benefit of another in all matters connected with
the undertaking and includes the capacities of trustee, including trustee
of a common trust fund, administrator, personal representative, guardian of
an estate, conservator, receiver, attorney in fact, and custodian and any
other similar capacity;
(4) Representative trust office means an office at which a trust company
does not act in any fiduciary capacity or conduct or engage in any activity
related to its fiduciary capacities but may otherwise engage in any other
activity permitted under the Nebraska Trust Company Act; and
(5) Trust company means any trust company which is incorporated under
the laws of this state, any national banking association having its principal
office in this state and authorized to conduct a trust company business as
defined in the Nebraska Trust Company Act, any bank authorized to conduct
a trust company business in a trust department pursuant to sections 8-159
to 8-162 , any federal savings association authorized to conduct a trust company
business, and any federally chartered trust company.