Nebraska § 8-1516 - Bank; purchase or merger; financial institution; cross-industry merger or acquisition; when.
Full text of Nebraska Revised Statutes of Nebraska § 8-1516 — Bank; purchase or merger; financial institution; cross-industry merger or acquisition; when., with citation guidance and answers to common questions.
§ 8-1516. Bank; purchase or merger; financial institution; cross-industry merger or acquisition; when.
(1)(a) With the approval of the director, a bank may only acquire another bank in Nebraska as a result of a purchase or merger if the acquired bank and its branches are converted to branches of the acquiring bank.
(b) With the approval of the director, a financial institution may only acquire another financial institution in Nebraska as a result of a cross-industry merger or acquisition under section 8-1510 if (i) the acquired financial institution and its branches are converted to branches of the acquiring financial institution and (ii) section 8-1510 has been satisfied.
(2) For purposes of this section:
(a) Bank means a bank organized under the laws of this state or organized under the laws of the United States to do business in this state; and
(b) Financial institution means a bank, savings bank, savings and loan association, building and loan association, trust company, or credit union, organized under the laws of this state or organized under the laws of the United States to do business in this state.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 8-1516
What does Revised Statutes of Nebraska § 8-1516 cover?
Section 8-1516 ("Bank; purchase or merger; financial institution; cross-industry merger or acquisition; when.") 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 § 8-1516?
A common citation format is "Revised Statutes of Nebraska § 8-1516" (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 § 8-1516 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.