Neb. Rev. Stat. » Chapter 8
Nebraska Revised Statutes

Neb. Rev. Stat. § 8-114 (2026)

Banks; corporate status required; unlawful banking; penalty

✓ current as of July 2026
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(1) It is unlawful for any person to conduct a bank within this state except by means of a corporation duly organized for such purpose under the laws of this state. It is unlawful for any corporation to receive money upon deposit or conduct a bank under the laws of this state until such corporation has complied with all the provisions and requirements of the Nebraska Banking Act.

(2) Any violation of this section is a Class V misdemeanor for each day of the continuation of such offense and is cause for the appointment of a receiver as provided in the act to wind up such banking business.

Notes of Decisions
Cited in 5 cases, 1933–1998 · leading case: In Re Invol. Dissol. of Battle Creek Bank, 575 N.W.2d 356 (Neb. 1998).
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In Re Invol. Dissol. of Battle Creek Bank, 575 N.W.2d 356 (Neb. 1998). · cites it 4× “Our banking statutes provide that the business of banking may be conducted only by "means of a corporation duly organized for such purpose under the law of this state," Neb.Rev.Stat. § 8-114 (Reissue 1997), thereby placing banking corporations within the general coverage of the…”
State ex rel. Sorensen v. Nebraska State Bank, 247 N.W. 31 (Neb. 1933). · cites it 2× “It provides: “The business of banking, or the receiving of deposits of money or instruments of credit subject to be repaid upon check, draft, certificate, passbook or order; the discounting, negotiating of promissory notes, drafts, bills of exchange, and other evidences of…”
State Ex Rel. Meyer v. Am. Cmty. Stores Corp., 228 N.W.2d 299 (Neb. 1975). · cites it 2× “The State contends that respondent’s actions violate section 8-114, R. R. S. .1943, and, in particular, the language of that section which provides: "It shall be unlawful for any corporation to receive money upon deposit or conduct a bank under the laws of this state, until such…”
First Nat'l Bank & Trust Co. of Beatrice v. Ley, 153 N.W.2d 743 (Neb. 1967). · cites it 2× “Section 8-114, R.S.Supp., 1965. It further provides that every corporation organized for and desiring to transact a banking business shall, before commencing business, transmit a statement to the Department of Banking containing a certified copy of the articles of incorporation.”
First Nat'l Bank & Trust Co. v. Ley, 153 N.W.2d 743 (Neb. 1967). “§ 8-114, R. S. Supp., 1965. It further provides that every corporation organized for and desiring to transact a banking business shall, before commencing business, transmit a statement to the Department of Banking containing a certified copy of the articles of incorporation.”
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