The Department of Banking and Finance Settlement Cash Fund is created. The fund shall be administered by the Department of Banking and Finance. The fund shall consist of money received by the state in settlements resulting from regulatory or judicial resolution of financial, securities, or consumer issues in which the department is designated as a recipient and any investment income earned on the fund. The Department of Administrative Services may for accounting purposes create subfunds of the fund to segregate awards or allocations received pursuant to different orders or settlements. The fund may be used by the Department of Banking and Finance for any allowable legal purposes as determined by the Director of Banking and Finance. Transfers may be made from the fund to the General Fund at the direction of the Legislature. Any money in the Department of Banking and Finance Settlement Cash Fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.
Notes of Decisions
Cited in
7
cases, 1958–2010 · leading case:
Knoell v. Huff, 395 N.W.2d 749 (Neb. 1986).
Knoell v. Huff, 395 N.W.2d 749 (Neb. 1986).
· cites it 6× “"Prior law" included the Blue-Sky Law, Neb.Rev.Stat. §§ 81-302 to 81-346 (Reissue 1958).”
Application of Neudeck, 90 N.W.2d 254 (Neb. 1958).
· cites it 4× “rovides: “No person or persons shall issue, sell, exchange, offer to sell or exchange, or solicit or promote the offer, sale or exchange, within the State of Nebraska, of any security or securities or interest therein, unless and until said *655 security, securities or interest…”
Davis v. Walker, 104 N.W.2d 479 (Neb. 1960).
· cites it 2× “t Wyoming Oil Company which merged with W & M Oil Company on June 21, 1956, and thereby assumed all debts, liabilities, and duties of whatsoever kind or nature of W & M Oil Company, did sell, issue, exchange, and transfer to plaintiff in Nebraska certain Wyoming stocks,…”
Scherer v. State, 95 N.W.2d 329 (Neb. 1959).
· cites it 2× “1943, defines at length the meaning of words and phrases used in sections 81-302 to 81-346, R. R. S. 1943, unless the context otherwise indicates, and we find no applicable statutory definition of “rules and regulations.”
Huryta v. White, 165 N.W.2d 354 (Neb. 1969).
· cites it 2× “1943, as follows: “Any person, except a person who shall have obtained from the Department of Banking a permit to do business as a broker or salesman, who shall within the State of Nebraska sell, issue, exchange, or transfer any security or interest therein in violation of…”
Loewenstein v. Midwestern Inv. Co., 149 N.W.2d 512 (Neb. 1967).
“a broker or salesman, who shall within the State of Nebraska sell, issue, exchange, or transfer any security or interest therein in violation of sections 81-302 to 81-346, shall be liable to the purchaser of the security for the value of the consideration paid by the purchaser…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.