8-3015. Digital asset depository; act as; charter to operate; required; application; fee.
203 words·~1 min read·
/ne/chapter-8/8-3015A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)No corporation shall act as a digital asset depository without first obtaining a charter to operate from the director under the Nebraska Financial Innovation Act.
(2)The incorporators under section 8-3012 shall apply to the director for a charter. The application shall contain the digital asset depository institution's articles of incorporation, bylaws, a detailed business plan, a comprehensive estimate of operating expenses for the first three years of operation, a complete proposal for compliance with the provisions of the Nebraska Financial Innovation Act, evidence of the capital and surplus required under section 8-3013 , and any investors or owners holding ten percent or more equity in the digital asset depository institution. The director may prescribe the form of application.
(3)A financial institution may apply to the director for a charter to operate a digital asset depository business as a department. The application shall contain a detailed business plan, a comprehensive estimate of operating expenses for the first three years of operation, and a complete proposal for compliance with the provisions of the Nebraska Financial Innovation Act. The director may prescribe the form of application.
(4)Each application for a charter shall be accompanied by an application fee of fifty thousand dollars.