Section 45-9-005 - SUSPENSION005.01 The Department may suspend the executive officer's license held by any person employed by, or under contract to perform services for, an Opt-In Bank or suspend the ability of an active executive officer employed by, or under contract to perform services for, an Opt-Out Bank to continue to act as an active executive officer upon entry by the Director of the Department of a finding or findings of fact, conclusions of law, and order based upon an investigation showing evidence that the executive officer is, or has been:005.01A Conducting the business of a bank in an unsafe or unauthorized manner;005.01B Endangering the interests of stockholders, shareholders, or depositors;005.01C Violating any of the provisions of Chapter 8 of the Nebraska statutes, any rules and regulations of the Department, or any order entered by the Department;005.01D Supplying false, misleading or incomplete information in connection with any application made to the Department; or005.01E The subject of an order of suspension of an executive officer's license or from acting as an active executive officer at another bank.005.02 As part of any order of suspension, the Director may require suspension of: 005.02A Compensation to the active executive officer, and005.02B The individual from the Board of Directors of any bank where such membership is held.45 Neb. Admin. Code, ch. 9, § 005
Adopted effective 11/25/2023