Constitutional Law - Supreme Court Review
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Authors
Issue Date
1980
Volume
13
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
FIRST PARAGRAPH(S)|The Nebraska Supreme Court addressed constitutional issues in several cases this year: Nebraska League of Savings and Loan Ass'n v. Mathes was a declaratory judgment action to determine whether a subdivision of the state owns an interest in a savings and loan association in which it deposits funds. This issue raises a constitutional question since a provision of the Nebraska Constitution adopted in 1875 prohibits a city, county, or other subdivision of the state from becoming the owner of the capitol stock in any private corporation or association. The plaintiff, representing Nebraska's savings and loan associations, contended that a deposit of funds in a savings and loan association results in an ownership interest only when the deposited funds become a part of the permanent capital of the association, and are represented by a stock certificate...
Description
Citation
13 Creighton L. Rev. 158 (1979-1980)
Publisher
Creighton University School of Law