Nebraska § 8-312 Stock; enforcement of withdrawals by directors

Nebraska Statutes

§ 8-312 — Stock; enforcement of withdrawals by directors

Nebraska § 8-312

Ch. 8Banks and Banking

This text of Nebraska § 8-312 (Stock; enforcement of withdrawals by directors) 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. § 8-312 (2026).

Text

If the association has funds applicable for withdrawals and more than needed to retire the shares of members who have given written notice of an intention to withdraw, the directors may, if in their discretion it shall be for the best interests of the association, retire any unpledged shares by enforcing withdrawals of the same, subject to the approval and consent of the Department of Banking and Finance, and the owner or owners shall be paid the full credit value of such shares, which shall be the total of payments and dividends credited thereon less prior withdrawals, if any.

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If the association has funds applicable for withdrawals and more than needed to retire the shares of members who have given written notice of an intention to withdraw, the directors may, if in their discretion it shall be for the best interests of the association, retire any unpledged shares by enforcing withdrawals of the same, subject to the approval and consent of the Department of Banking and Finance, and the owner or owners shall be paid the full credit value of such shares, which shall be the total of payments and dividends credited thereon less prior withdrawals, if any.

Legislative History

Source: Laws 1899, c. 17, § 3, p. 86; R.S.1913, § 488; Laws 1919, c. 190, tit. V, art. XIX, § 4, p. 725; C.S.1922, § 8086; C.S.1929, § 8-304; Laws 1941, c. 12, § 1, p. 85; C.S.Supp.,1941, § 8-304; R.S.1943, § 8-312.