Nebraska § 8-3213 Term and termination

Nebraska Statutes

§ 8-3213 — Term and termination

Nebraska § 8-3213

Ch. 8Banks and Banking

This text of Nebraska § 8-3213 (Term and termination) 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. § 8-3213 (2026).

Text

(a)Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded.

(b)Unless otherwise provided in the account agreement, if the financial institution cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the financial institution shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.

(c)A financial institution that pays the remaining balance as provided under subsection (b) has no further obligation with respect to the special deposit.

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(a) Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded.
(b) Unless otherwise provided in the account agreement, if the financial institution cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the financial institution shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.
(c) A financial institution that pays the remaining balance as provided under subsection (b) has no further obligation with respect to the special deposit.