77-2393 Withdrawal of securities; when; effect. - Nebraska Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter77 > 77-2393

77-2393. Withdrawal of securities; when; effect.A bank, capital stock financial institution, or qualifying mutual financial institution which has furnished securities pursuant to the Public Funds Deposit Security Act may withdraw all or any part of such securities upon repayment to the custodial official of the amount of the securities thus withdrawn, and thereupon the custodial official shall be empowered to assign such securities to the owner thereof. All interest coupons attached to securities furnished under the act shall be detached by the holder or trustee thirty days before maturity and returned to such bank, capital stock financial institution, or qualifying mutual financial institution. SourceLaws 1996, LB 1274, § 8; Laws 2001, LB 362, § 88.

State Codes and Statutes

Statutes > Nebraska > Chapter77 > 77-2393

77-2393. Withdrawal of securities; when; effect.A bank, capital stock financial institution, or qualifying mutual financial institution which has furnished securities pursuant to the Public Funds Deposit Security Act may withdraw all or any part of such securities upon repayment to the custodial official of the amount of the securities thus withdrawn, and thereupon the custodial official shall be empowered to assign such securities to the owner thereof. All interest coupons attached to securities furnished under the act shall be detached by the holder or trustee thirty days before maturity and returned to such bank, capital stock financial institution, or qualifying mutual financial institution. SourceLaws 1996, LB 1274, § 8; Laws 2001, LB 362, § 88.

State Codes and Statutes

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State Codes and Statutes

Statutes > Nebraska > Chapter77 > 77-2393

77-2393. Withdrawal of securities; when; effect.A bank, capital stock financial institution, or qualifying mutual financial institution which has furnished securities pursuant to the Public Funds Deposit Security Act may withdraw all or any part of such securities upon repayment to the custodial official of the amount of the securities thus withdrawn, and thereupon the custodial official shall be empowered to assign such securities to the owner thereof. All interest coupons attached to securities furnished under the act shall be detached by the holder or trustee thirty days before maturity and returned to such bank, capital stock financial institution, or qualifying mutual financial institution. SourceLaws 1996, LB 1274, § 8; Laws 2001, LB 362, § 88.