Nebraska § 8-3206 - Permissible purpose.
Full text of Nebraska Revised Statutes of Nebraska § 8-3206 — Permissible purpose., with citation guidance and answers to common questions.
§ 8-3206. Permissible purpose.
(a) A special deposit must serve at least one permissible purpose stated in the account agreement from the time the special deposit is created in the account agreement until termination of the special deposit.
(b) If, before termination of the special deposit, the financial institution or a court determines the special deposit no longer satisfies subsection (a), sections 8-3208 to 8-3211 cease to apply to any funds deposited in the special deposit after the special deposit ceases to satisfy subsection (a).
(c) If, before termination of a special deposit, the financial institution determines the special deposit no longer satisfies subsection (a), the financial institution may take action it believes is necessary under the circumstances, including terminating the special deposit.
Frequently Asked Questions About Nebraska § 8-3206
What does Revised Statutes of Nebraska § 8-3206 cover?
Section 8-3206 ("Permissible purpose.") 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 § 8-3206?
A common citation format is "Revised Statutes of Nebraska § 8-3206" (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 § 8-3206 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.