Nebraska § 8-338 Voluntary liquidation; disposition of payments, other property; duty of Department of Banking and Finance

Nebraska Statutes

§ 8-338 — Voluntary liquidation; disposition of payments, other property; duty of Department of Banking and Finance

Nebraska § 8-338

Ch. 8Banks and Banking

This text of Nebraska § 8-338 (Voluntary liquidation; disposition of payments, other property; duty of Department of Banking and Finance) 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. § 8-338 (2026).

Text

If at the special meeting of the shareholders they shall vote to go into voluntary liquidation or to otherwise close up or discontinue the business of such association, the Department of Banking and Finance shall return to the shareholders all monthly payments and other payments on subscriptions for stock received and receipted for by it, and which became due and payable after the date of taking possession. All books, papers and effects of every description in its hands, belonging to such association not so returnable, shall be turned over and delivered to the person or persons entitled thereto.

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If at the special meeting of the shareholders they shall vote to go into voluntary liquidation or to otherwise close up or discontinue the business of such association, the Department of Banking and Finance shall return to the shareholders all monthly payments and other payments on subscriptions for stock received and receipted for by it, and which became due and payable after the date of taking possession. All books, papers and effects of every description in its hands, belonging to such association not so returnable, shall be turned over and delivered to the person or persons entitled thereto.

Legislative History

Source: Laws 1899, c. 17, § 19e, p. 96; R.S.1913, § 508; Laws 1919, c. 190, tit. V, art. XIX, § 24, p. 733; C.S.1922, § 8106; C.S.1929, § 8-323; R.S.1943, § 8-338. Annotations: Borrowing member is entitled to pro rata dividend on shares after assets reduced to money and debts paid. Saunders v. State Savings & Loan Assn., 121 Neb. 473, 237 N.W. 572 (1931).