Legal Opinion
Opinion No. (1980)
Nebraska Attorney General Reports
Decided October 9, 1980Published
1Opinion of the Court
REQUESTED BY: Ray A. C. Johnson, Auditor of Public Accounts, Lincoln, Nebraska. May a treasurer of a Nebraska political subdivision invest funds of such subdivision, other than retirement or pension funds, in a state or federally chartered savings and loan association, if the treasurer executes a waiver of voting or other membership rights in the association?
No.
Article XI, section 1, of the Nebraska Constitution provides:
"No city, county, town, precinct, municipality, or other sub-division of the state, shall ever become a subscriber to the capital stock, or owner of such stock, or any…
2Cases cited4 opinions
- Farrell Lines Inc. v. United StatesUnited States Court of Claims · 1974
- City of Santa Clara, California v. Cecil Andrus, Individually and as Secretary of the Interior, and R. Keith Higginson, Individually and as Commissioner of the Bureau of Reclamation, United States Department of Interior, Cecil Andrus, Individually and as Secretary of the Interior, and R. Keith Higginson, Individually and as Commissioner of the Bureau of Reclamation, United States Department of Interior v. City of Santa Clara, California, Pacific Gas & Electric Company v. City of Santa Clara, CaliforniaCourt of Appeals for the Ninth Circuit · 1978
- Nebraska League of Savings & Loan Ass'n v. MathesNebraska Supreme Court · 1978
- Soriano v. United StatesCourt of Appeals for the Ninth Circuit · 1974