45 NAC 18-001. SCOPE AND APPLICATION

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 bank's purchases of investment company shares for its own account. 001.04 For purposes of this Rule: 001.01A "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. 001.02B “Unimpaired capital” is as defined in Neb. Rev. Stat. § 8-141.