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

Neb. Rev. Stat. § 8-199 (2026)

Financial institutions; department as receiver; powers; no compensation to director

✓ text as last checked Oct. 2026 (this copy records no edition or section history)
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Whenever the department has been designated receiver for a financial institution chartered by the department, the department shall have all the powers and privileges provided by the laws of this state with respect to any other receiver and such incidental powers as shall be necessary to carry out an orderly and efficient liquidation or reorganization of any such financial institution for which the department may have become receiver, either by operation of law or by judicial appointment. Acting by and through the director, the department may in its own name as such receiver enforce on behalf of such financial institution or its creditors, shareholders, or owners, by actions at law or in equity, all debts or other obligations of whatever kind or nature due to such financial institution or the creditors or shareholders thereof. In like manner, the department may make, execute, and deliver any and all deeds, assignments, and other instruments necessary and proper to effectuate any sale of real or personal property, or the settlement of any obligations belonging or due to such financial institution for which the department may have become receiver, or its creditors, shareholders, or owners, when such sale or settlement is approved by the district court of the county in which the main office of such financial institution is located. The director shall receive no fees, salary, or other compensation for his or her services in connection with the liquidation or reorganization of such financial institutions other than his or her salary.

Notes of Decisions
Cited in 3 cases, 1939–1993 · 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 15× “09 and that the release was signed on September 26,1985, by the receiver.”
Ass'n of Commonwealth v. Hake, 507 N.W.2d 665 (Neb. Ct. App. 1993). · cites it 3× “Neb. Rev. Stat. § 8-199 (Reissue 1983) provided that the receiver has the power to bring actions on behalf of the corporation.”
Dep't of Banking v. Hedges, 286 N.W. 277 (Neb. 1939). · cites it 2× “Section 8-199, Comp. St. Supp. 1937, as enacted in 1933, provides: “Upon the expiration of the time fixed for presentation of claims, the Superintendent of Banks shall thoroughly investigate all claims and file with the clerk of the district court of the county in which said…”
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