Nebraska § 8-148.05 - Qualified Canadian Government obligations; investment.
Full text of Nebraska Revised Statutes of Nebraska § 8-148.05 — Qualified Canadian Government obligations; investment., with citation guidance and answers to common questions.
§ 8-148.05. Qualified Canadian Government obligations; investment.
(1) Any bank may deal in, underwrite, and purchase for its own account qualified Canadian Government obligations to the same extent that such bank may deal in, underwrite, and purchase for its own account obligations of the United States Government or general obligations of any state thereof.
(2) For purposes of this section:
(a) Qualified Canadian Government obligation means any debt obligation which is backed by Canada or any Canadian province to a degree which is comparable to the liability of the United States Government or any state thereof for any obligation which is backed by the full faith and credit of the United States Government or any state thereof. Qualified Canadian Government obligations also includes any debt obligation of any agent of Canada or any Canadian province if:
(i) The obligation of the agent is assumed in such agent's capacity as agent for Canada or any Canadian province; and
(ii) Canada or any Canadian province, on whose behalf such agent is acting with respect to such obligation, is ultimately and unconditionally liable for such obligation; and
(b) The term Canadian province means a province of Canada and includes the Yukon Territory and the Northwest Territories and their successors.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 8-148.05
What does Revised Statutes of Nebraska § 8-148.05 cover?
Section 8-148.05 ("Qualified Canadian Government obligations; investment.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 8-148.05?
A common citation format is "Revised Statutes of Nebraska § 8-148.05" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 8-148.05 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.