8-1004 Applicant for license; qualifications. - Nebraska Statutes

8-1004. Applicant for license; qualifications.To qualify for a license under the Nebraska Sale of Checks and Funds Transmission Act, an applicant shall meet the following requirements:(1) The applicant shall have a net worth of at least fifty thousand dollars computed according to generally accepted accounting principles; and(2) The financing responsibility, financial condition, business experience, character, and general fitness of the applicant shall be such as reasonably to warrant the belief that applicant's business will be conducted honestly, carefully, and efficiently. To the extent deemed advisable by him or her, the director may investigate and consider the qualifications of officers and directors of an applicant in determining whether this qualification has been met. SourceLaws 1965, c. 26, § 4, p. 193; Laws 2001, LB 53, § 11.