8-124.01 Banks; board of directors; vacancy; notice; filling; notice. - Nebraska Statutes

8-124.01. Banks; board of directors; vacancy; notice; filling; notice.At any time that a vacancy on the board of directors of a bank occurs, the bank shall, within thirty days, notify the department of the vacancy. Vacancies shall be filled within ninety days by appointment by the remaining directors, except that if the vacancy created leaves a minimum of five directors, appointment shall be optional. When the vacancy has been filled, the bank shall notify the department that the vacancy has been filled and include in the notice the name, address, and occupation of the director appointed. SourceLaws 1973, LB 164, § 10; Laws 1995, LB 599, § 1.