77-2389 Security; how furnished. - Nebraska Statutes

77-2389. Security; how furnished.A bank, capital stock financial institution, or qualifying mutual financial institution furnishes securities pursuant to the Public Funds Deposit Security Act if it (1) deposits securities held by the bank, capital stock financial institution, or qualifying mutual financial institution, (2) pledges or grants a security interest in securities held by the bank, capital stock financial institution, or qualifying mutual financial institution as provided in the act, or (3) effects the assignment to the custodial official of a certificate of deposit fully insured or guaranteed by the Federal Deposit Insurance Corporation that is issued to the bank, capital stock financial institution, or qualifying mutual financial institution. SourceLaws 1996, LB 1274, § 4; Laws 2001, LB 362, § 84; Laws 2003, LB 175, § 15; Laws 2009, LB259, § 29.Effective Date: March 6, 2009