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

Neb. Rev. Stat. § 8-198 (2026)

Financial institutions; designation of receiver and liquidating agent; department; powers

✓ text as last checked Oct. 2026 (this copy records no edition or section history)
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The department may be designated the receiver and liquidating agent for any financial institution chartered by the department and, subject to the district court's supervision and control, may proceed to liquidate such financial institution or reorganize it in accordance with the Nebraska Banking Act.

Notes of Decisions
Cited in 3 cases, 1935–1993 · leading case: Weimer v. Amen, 455 N.W.2d 145 (Neb. 1990).
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Weimer v. Amen, 455 N.W.2d 145 (Neb. 1990). · cites it 2× “On November 8, 1983, the district court for Lancaster County issued an order declaring Commonwealth insolvent and appointed the department as the receiver and liquidating agent of Commonwealth according to § 8-416 and Neb. Rev. Stat. § 8-198 (Reissue 1983). The receiver…”
Ass'n of Commonwealth v. Hake, 507 N.W.2d 665 (Neb. Ct. App. 1993). · cites it 2× “On November 8, the district court for Lancaster County issued an order declaring Commonwealth insolvent and appointed the Department of Banking and Finance as the receiver of Commonwealth pursuant to § 8-416 and Neb. Rev. Stat. § 8-198 (Reissue 1983). Commonwealth deposits were…”
State ex rel. Spillman v. Platte Valley State Bank, 259 N.W. 643 (Neb. 1935). · cites it 2× “Section 8-198, Comp. St. 1929, relating to the winding up of the affairs of an insolvent state bank under receivership, which was in force at the time the bank closed, inter alia provided that within a specified time the receiver should file a petition asking for an order of the…”
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