State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter8 > 8-1_111

8-1,111. Insolvent banks; priority; not affected by federal deposit insurance.When a bank whose deposits are insured by the Federal Deposit Insurance Corporation becomes insolvent, neither the deposits therein nor the exchange thereof shall be deemed to be otherwise secured by reason of such insurance for purposes of section 8-1,110. SourceLaws 1935, c. 16, § 2, p. 91; C.S.Supp.,1941, § 8-1,102; R.S.1943, § 8-197; Laws 1963, c. 29, § 111, p. 181.