State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter8 > 8-2104

8-2104. Interstate merger transaction; eligibility; powers and duties.(1) A Nebraska bank which has been in existence for five years or more may be acquired by and engage in an interstate merger transaction with any out-of-state bank.(2) A bank which is acquired and converted to a branch of an out-of-state bank pursuant to an interstate merger transaction shall have all the powers and be subject to the same limitations as any other branch located in this state.(3) An out-of-state bank that has acquired a Nebraska bank under the Interstate Branching By Merger Act of 1997 may maintain and operate the branches of a Nebraska bank with which the out-of-state bank engaged in an interstate merger transaction, and may establish or acquire additional branches in this state, to the same extent that any Nebraska bank may establish or acquire a branch in Nebraska.(4) All branches of an out-of-state bank shall comply with all applicable Nebraska laws and regulations in the conduct of their business in this state to the maximum extent authorized by federal law. SourceLaws 1997, LB 351, § 4; Laws 2002, LB 1089, § 11.