49-1497. Financial institution, defined; irrevocable trust; how treated.(1) For purposes of section 49-1496, financial institution means:(a) A bank or banking corporation as defined in section 8-101.03;(b) A federal bank or branch bank;(c) An insurance company providing a loan on an insurance policy;(d) A small loan company;(e) A state or federal savings and loan association or credit union; or(f) The federal government or any political subdivision thereof.(2) The res or the income of an irrevocable trust of a member of the individual's immediate family is not required to be reported pursuant to section 49-1496.Source Laws 1976, LB 987, § 97; Laws 2005, LB 242, § 38; Laws 2017, LB140, § 158.
Nebraska Legal Code