8-203. General powers.
90 words·~1 min read·
/ne/chapter-8/8-203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The trust company shall have power:
(1)To have a corporate name;
(2)To have a corporate seal;
(3)To sue and be sued and complain and defend in all courts of law and equity;
(4)To receive reasonable compensation for all services performed by it under the Nebraska Trust Company Act;
(5)To make bylaws not inconsistent with the act or its articles of incorporation for the management of its affairs; and
(6)To appoint or elect such officers and agents as the business of the corporation may require.