Nebraska Administrative Code
Topic - BANKING AND FINANCE, DEPARTMENT OF
Title 45 - BANKING RULES
Chapter 8 - CHANGES IN PAID-IN CAPITAL STOCK
Section 45-8-004 - COMPLETION OF PROPOSAL
Universal Citation: 45 NE Admin Rules and Regs ch 8 ยง 004
Current through March 20, 2024
004.01 The Department will provide the bank with a written no-objection response to a notice of a proposed capital stock increase.
004.02 The Department will issue a written approval or denial of a notice of a proposed capital stock decrease pursuant to Neb. Rev. Stat. § 8-128.
004.03 If an amendment to the Articles of Incorporation is necessary to completion of the proposed capital stock increase or capital stock decrease, the amendment process must be completed prior to the bank effecting the proposal.
004.04 The bank shall notify the Department in writing when the proposed increase or decrease of the paid-in capital stock has been consummated.
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