8-188. Banks; possession by department; effective upon notice.
81 words·~1 min read·
/ne/chapter-8/8-188A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director or any deputy, counsel, or examiner authorized by the director may, on behalf of the department, take possession of a bank by handing to the president, cashier, or any person in charge of the bank, a written notice that the bank is in the possession of the department.
Under facts in this case, denial of motion for continuance under section 8-195 was not erroneous. Elm Creek State Bank v. Department of Banking, 191 Neb. 584, 216 N.W.2d 883 (1974).