Nebraska Revised Statute 77-2320

Chapter 77

77-2320.

County funds; depositories; security in lieu of bond.

In lieu of a bond as provided in sections 77-2316 to 77-2319, any bank, capital stock financial institution, or qualifying mutual financial institution making application to become a depository under sections 77-2312 to 77-2324 may give security as provided in the Public Funds Deposit Security Act to the county treasurer. Section 77-2366 shall apply to deposits in capital stock financial institutions. Section 77-2365.01 shall apply to deposits in qualifying mutual financial institutions.

Source

Cross References

  • Public Funds Deposit Security Act, see section 77-2386.

Annotations

  • Banks designated as depositories may pledge assets of bank to secure state and county funds when deposited therein. Bliss v. Pathfinder Irr. Dist., 122 Neb. 203, 240 N.W. 291 (1932).

  • Specification of certain assets which bank may pledge to secure repayment of county deposits is not a limitation on power to pledge others. Bliss v. Mason, 121 Neb. 484, 237 N.W. 581 (1931).