Legal Opinion
Opinion No. (1985)
Nebraska Attorney General Reports
Decided April 8, 1985Published
1Opinion of the Court
REQUESTED BY: Senator John DeCamp 1116 State Capitol Lincoln, NE 68509
Dear Senator DeCamp:
As amended, LB 452 authorizes a regional out-of-state bank holding company to acquire a "problem" bank in the State of Nebraska. You have requested our opinion as to whether state law can prohibit either the acquired bank or the acquiring out-of-state bank holding company from exercising all rights of a Nebraska bank, such as further branching. It is our opinion that the Legislature may place such restrictions on the acquired bank or the acquiring out-of-state bank holding company.
For purposes of…
2Cases cited2 opinions
- Western & Southern Life Ins. Co. v. State Bd. of Equalization of Cal.Supreme Court of the United States · 1981
- Northeast Bancorp, Inc. And Union Trust Company v. Board of Governors of the Federal Reserve System, Citicorp, a Corporation v. The Board of Governors of the Federal Reserve SystemCourt of Appeals for the Second Circuit · 1984