Nebraska § 49-1497 - Financial institution, defined; irrevocable trust; how treated.
Full text of Nebraska Revised Statutes of Nebraska § 49-1497 — Financial institution, defined; irrevocable trust; how treated., with citation guidance and answers to common questions.
§ 49-1497. Financial institution, defined; irrevocable trust; how treated.
(1) For purposes of section 49-1496, financial institution means:
(a) A bank or banking corporation as defined in section 8-101.03;
(b) A federal bank or branch bank;
(c) An insurance company providing a loan on an insurance policy;
(d) A small loan company;
(e) A state or federal savings and loan association or credit union; or
(f) The federal government or any political subdivision thereof.
(2) The res or the income of an irrevocable trust of a member of the individual's immediate family is not required to be reported pursuant to section 49-1496.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 49-1497
What does Revised Statutes of Nebraska § 49-1497 cover?
Section 49-1497 ("Financial institution, defined; irrevocable trust; how treated.") 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 § 49-1497?
A common citation format is "Revised Statutes of Nebraska § 49-1497" (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 § 49-1497 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.