45 NAC 8-004. COMPLETION OF PROPOSAL

004 COMPLETION OF PROPOSAL. 004.01 The Department will provide the bank with a written no-objection response to a notice of a proposed capital stock increase. 004.02 The Department will issue a written approval or denial of a notice of a proposed capital stock decrease pursuant to Neb. Rev. Stat. § 8-128. 004.03 If an amendment to the Articles of Incorporation is necessary to completion of the proposed capital stock increase or capital stock decrease, the amendment process must be completed prior to the bank effecting the proposal. 004.04 The bank shall notify the Department in writing when the proposed increase or decrease of the paid-in capital stock has been consummated.