Nebraska § 8-3204 - Variation by agreement or amendment.
Full text of Nebraska Revised Statutes of Nebraska § 8-3204 — Variation by agreement or amendment., with citation guidance and answers to common questions.
§ 8-3204. Variation by agreement or amendment.
(a) The effect of sections 8-3202 to 8-3206, 8-3208 to 8-3211, and 8-3214 may not be varied by agreement, except as provided in those sections. Subject to subsection (b), the effect of sections 8-3207, 8-3212, and 8-3213 may be varied by agreement.
(b) A provision in an account agreement or other record that substantially excuses liability or substantially limits remedies for failure to perform an obligation under the Uniform Special Deposits Act is not sufficient to vary the effect of a provision of the act.
(c) If a beneficiary is a party to an account agreement, the financial institution and the depositor may amend the agreement without the consent of the beneficiary only if the agreement expressly permits the amendment.
(d) If a beneficiary is not a party to an account agreement and the financial institution and the depositor know the beneficiary has knowledge of the agreement's terms, the financial institution and the depositor may amend the agreement without the consent of the beneficiary only if the amendment does not adversely and materially affect a payment right of the beneficiary.
(e) If a beneficiary is not a party to an account agreement and the financial institution and the depositor do not know whether the beneficiary has knowledge of the agreement's terms, the financial institution and the depositor may amend the agreement without the consent of the beneficiary only if the amendment is made in good faith.
Frequently Asked Questions About Nebraska § 8-3204
What does Revised Statutes of Nebraska § 8-3204 cover?
Section 8-3204 ("Variation by agreement or amendment.") 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 § 8-3204?
A common citation format is "Revised Statutes of Nebraska § 8-3204" (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 § 8-3204 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.