Nebraska § 8-191 - Banks; possession by department; notice to banks and trust companies; notice or knowledge of possession forestalls liens.
Full text of Nebraska Revised Statutes of Nebraska § 8-191 — Banks; possession by department; notice to banks and trust companies; notice or knowledge of possession forestalls liens., with citation guidance and answers to common questions.
§ 8-191. Banks; possession by department; notice to banks and trust companies; notice or knowledge of possession forestalls liens.
Upon taking possession of the property and business of any bank, the department shall immediately give notice of such fact by letter or electronic mail to all banks or trust companies holding or in possession of any assets of such bank, so far as known by the department. No bank or trust company so notified or knowing of such possession by the department shall have a lien or charge for any payment, advance, or clearance thereafter made, or liability thereafter incurred, against any of the assets of the bank of whose property and business the department shall have taken possession unless the bank be continued as a going concern.
Act of Department of Banking in taking over insolvent bank is not subject to collateral attack. Torgeson v. Department of Trade and Commerce, 127 Neb. 38, 254 N.W. 735 (1934).
Notice of possession of bank by Department of Banking forestalls all future liens, unless the bank be continued as a going concern. Luikart v. Hunt, 124 Neb. 642, 247 N.W. 790 (1933).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 8-191
What does Revised Statutes of Nebraska § 8-191 cover?
Section 8-191 ("Banks; possession by department; notice to banks and trust companies; notice or knowledge of possession forestalls liens.") 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 § 8-191?
A common citation format is "Revised Statutes of Nebraska § 8-191" (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 § 8-191 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.