Interstate Trust Company Office Act
Chapter 8, Article 23
§§ 8-2301 to 8-2313
8-2301
Act, how cited.
Sections 8-2301 to 8-2313 shall be known and may be cited as the Interstate Trust
Company Office Act.
Last amended:
Laws 1998, LB 1321, § 54
~ Reissue 2007
8-2302
Terms, defined.
For purposes of the Interstate Trust Company Office Act, unless the context otherwise
requires:
(1) Branch trust office means an office of a trust company, other than the main or
principal office of a trust company, at which a trust company may act in any fiduciary
capacity or conduct any activity permitted under the Nebraska Trust Company Act;
(2) Department means the Department of Banking and Finance;
(3) Director means the Director of Banking and Finance;
(4) Fiduciary capacity means a capacity resulting from a trust company undertaking to
act alone or jointly with others primarily for the benefit of another in all matters
connected with the undertaking and includes the capacities of trustee, including trustee of
a common trust fund, administrator, personal representative, guardian of an estate,
conservator, receiver, attorney in fact, and custodian and any other similar capacity;
(5) Home state means (a) with respect to a state-chartered trust company, the state in
which the trust company is chartered, and (b) with respect to a federally chartered trust
company, the state in which the main or principal office of the federally chartered trust
company is located;
(6) Home state regulator means the supervisory agency with primary responsibility for
chartering and supervising an out-of-state trust company;
(7) Host state means a state, other than the home state of a trust company, in which the
trust company maintains, or seeks to establish and maintain, a branch trust office or a
representative trust office;
(8) Nebraska state-chartered trust company means (a) a corporation which is chartered
to conduct a trust company business and engage