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NE · rules

Neb. Ct. R. § 3-901

Definitions

activein force · 2014-03-19 – presentact-effective-date

(A) The following definitions shall apply to the Trust Accounts and Blanket Bonds Rules:

(1) "Financial Institution" includes any state or federally chartered bank, savings bank, savings and loan association, or building and loan association insured by the Federal Deposit Insurance Corporation or any federal credit union that participates in the National Credit Union Administration Share Insurance Fund.

(2) "Properly payable" refers to an instrument which, if presented in the normal course of business, is in a form requiring payment under the laws of this jurisdiction.

(3) "Notice of dishonor" refers to the notice which a financial institution is required to give, under the laws of this jurisdiction, upon presentation of an instrument which the institution dishonors.

History

§ 3-901(A)(1) amended December 16. 2015.

Provenance

Source
nebraskajudicial.gov
Retrieved
2026-09-15
Edition
2026-09-14
Content hash
9f0631a61726822675712ebc6e09551b5426ef63fc11abd84fb9b08f9f1f1ee1
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