State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter8 > 8-701

8-701. Banking institution; definition.For purposes of sections 8-701 to 8-709, banking institution shall be construed to mean any bank, stock savings bank, mutual savings bank, building and loan association, or savings and loan association, which is now or may hereafter be organized under the laws of this state. SourceLaws 1935, c. 8, § 1, p. 72; C.S.Supp.,1941, § 8-401; Laws 2003, LB 217, § 15; Laws 2005, LB 533, § 21; R.S.1943, § 8-701. AnnotationsA state bank which becomes a member of Federal Deposit Insurance Corporation thereby becomes an instrumentality of the United States, and federal statute forbidding embezzlement of funds of member bank applies to officer of such bank. United States v. Doherty, 18 F.Supp. 793 (D. Neb. 1937), affirmed, 94 F.2d 495 (8th Cir. 1938).