45 Neb. Admin. Code, ch. 18, § 001 - SCOPE AND APPLICATION
001.01 Neb. Rev.
Stat. §
8-148 provides that a bank may
subscribe to, invest, purchase, and own shares of investment
companies.
001.02 Such investments
include only the purchase of shares of an investment company registered under
the Investment Company Act of 1940.
001.03 This rule addresses a state bank's
purchases of investment company shares for its own account.
001.04 For purposes of this Rule:
001.04A "Obligations that are eligible for
investment" means those specified in Neb. Rev. Stat. §§
8-141,
8-147,
8-148,
8-148.01,
8-148.02,
8-148.03,
8-148.05, and
8-148.10.
001.04B "Unimpaired capital" is as defined in
Neb. Rev. Stat. §
8-141.
Notes
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