Nebraska Administrative Code
Topic - BANKING AND FINANCE, DEPARTMENT OF
Title 45 - BANKING RULES
Chapter 5 - SCHEDULE FOR RETENTION OF RECORDS: BANKS EXERCISING TRUST POWERS AND TRUST COMPANIES
Section 45-5-004 - PERMANENT RECORDS

Universal Citation: 45 NE Admin Rules and Regs ch 5 ยง 004

Current through March 20, 2024

004.01 Institutions must keep the original of the following:

004.01A Capital stock ledger (trust company)

004.01B Charter; numbered and executed by the Director of the Department

004.01C Department "Order" granting trust powers

004.01D Minutes of stockholder meetings (trust company)

004.01E Minutes of the board of directors (trust company)

004.01F Minutes of the trust committee and all other committees appointed by the Board of Directors to oversee fiduciary activity

004.01G Receipts for final distribution of account assets

004.01H Registration confirmations regarding "Direct" or "Indirect Inquiry" concerning lost, stolen, or misplaced securities

004.01I Required records and logs pursuant to FDIC Regulation Part 344 (O.C.C. 12 CFR Part 12 or FRB Regulation "H" Subpart C)

004.01J All other records relating to the corporate existence of a stand-alone trust company or the authorization for a bank to conduct a trust company business in a trust department.

004.02 Records reflecting unpaid balances in favor of trustors, grantors, beneficiaries, and/or other interested parties are to be retained permanently unless the institution remits such unpaid balances to the State Treasurer in accordance with the Uniform Disposition of Unclaimed Property Act. A record of each remittance shall then be retained by the bank for ten years.

004.03 An inventory of each drilled safe deposit box is to be retained permanently unless the institution remits the contents of the box to the State Treasurer in accordance with the Uniform Disposition of Unclaimed Property Act. A record of each remittance shall then be retained by the institution for ten years.

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