North Dakota Code — 6
Browse 393 sections in division 6 of the North Dakota code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 6-01-01. Management and control - State department of financial institutions - Local
- § 6-01-01.1. Regulatory fund established - Uses - Continuing appropriation. (Effective
- § 6-01-02. Definitions
- § 6-01-03. State banking board and state credit union board
- § 6-01-04. Powers and duties of the state banking board and state credit union board
- § 6-01-04.1. Removal of officers, directors, and employees of financial corporations or
- § 6-01-04.2. Cease and desist orders
- § 6-01-04.3. Assessment of civil money penalties
- § 6-01-04.4. Prompt corrective action
- § 6-01-04.5. Investigation of bank holding companies
- § 6-01-05. Taking of testimony and enforcement of orders
- § 6-01-06. Appointment of receivers
- § 6-01-07. Records of state banking board, state credit union board, and commissioner
- § 6-01-07.1. Records - Confidential
- § 6-01-08. Appointment of commissioner - Qualifications
- § 6-01-09. Supervision and examination by commissioner of financial institutions
- § 6-01-10. Commissioner to keep records and make reports - Biennial report - Report to
- § 6-01-11. Salary of commissioner. (Effective through June 30, 2029)
- § 6-01-12. Bonds of commissioner and deputies
- § 6-01-13. Commissioner - Appointment of assistant commissioner and assignment of
- § 6-01-14. Deputies controlled by commissioner - Reports
- § 6-01-15. Officers and employees to be disinterested
- § 6-01-16. Salaries of commissioner's deputies. (Effective through June 30, 2029)
- § 6-01-17. Semiannual assessments of banks and interstate branches
- § 6-01-17.1. Application fees - Cost of transcript
- § 6-01-17.2. Additional assessment of banks and interstate branches
- § 6-01-18. Reports and examinations of institutions by federal deposit insurance
- § 6-01-19. Commissioner to keep bank record
- § 6-01-20. Bank of North Dakota entitled to records
- § 6-01-21. State agencies - Examinations - Fees
- § 6-01-21.1. County agencies - Examinations - Fees
- § 6-01-21.2. Municipal agencies, park boards, school districts - Examinations - Fees Alternative audits
- § 6-01-21.3. Examination of municipal agencies and school districts by order of
- § 6-01-21.4. Examination in case of irregularity or embezzlement
- § 6-01-22. Examination of counties
- § 6-01-23. Examinations of county treasurers
- § 6-01-24. Supervision of records and fiscal affairs of counties
- § 6-01-25. Supervision of books and accounts of public institutions and private
- § 6-01-26. Special state examiner
- § 6-01-27. Duty of state examiner on failures by officers
- § 6-01-28. Public and private officers to aid examiner - Examiner's authority on
- § 6-01-29. Obstructing or misleading examiner - Penalty
- § 6-01-30. Reports of commissioner - Contents
- § 6-01-31. Certain accounts open for inspection
- § 6-01-32. Liability of bank officers and directors
- § 6-02-01. Compliance with chapters required - Penalty for noncompliance
- § 6-02-02. Banking corporations - Who may form
- § 6-02-02.1. Nonbank bank not qualified to do business
- § 6-02-03. Capital stock, surplus, and federal deposit insurance requirements
- § 6-02-04. Organization certificate - Contents
- § 6-02-05. Acknowledgment of organization certificate - Application for certificate of
- § 6-02-06. Hearing by board - Conclusions - Management
- § 6-02-07. Determination of board - Recording of organization certificate
- § 6-02-08. Certificate and authorization published
- § 6-02-09. Renewal charter
- § 6-03-01. Powers before receipt of certificate of authority
- § 6-03-02. Powers
- § 6-03-02.1. Indemnification by banking association
- § 6-03-02.2. Issuance of certificates of deposit - Penalty
- § 6-03-02.3. Parity for state and national banks
- § 6-03-03. Directors - Qualifying shares - Issue and transfer
- § 6-03-04. Director's oath of office - Filing
- § 6-03-04.1. Standard of conduct for directors of financial institutions
- § 6-03-05. Loans on real estate - Regulation - Limitation
- § 6-03-05.1. Additional optional loans and advances
- § 6-03-05.2. Agricultural loan amortization and deferral
- § 6-03-06. Sale of real estate loans
- § 6-03-07. Investment in banking facility, furniture, and fixtures - Limitation
- § 6-03-08. Powers as to other real estate
- § 6-03-09. Holding of real estate - Limitation
- § 6-03-10. Violation of powers - Penalty
- § 6-03-11. Conversion, consolidation, or merger
- § 6-03-12. Transfer of assets on consolidation or merger
- § 6-03-13. Conversion to national bank - Sale of bank - Removal to new location
- § 6-03-13.1. Separate facilities authorized
- § 6-03-13.2. Further limitations upon facility
- § 6-03-13.3. Facts considered for approval
- § 6-03-13.4. Effect of authority
- § 6-03-13.5. National bank, federal savings association, or state savings and loan
- § 6-03-13.6. Branch conversions
- § 6-03-14. Paying and receiving stations authorized
- § 6-03-14.1. Maintenance of facilities of merged banks
- § 6-03-14.2. Subsidiary depository institutions as agents
- § 6-03-15. Application to state banking board to establish stations
- § 6-03-15.1. Temporary relocation of bank operations
- § 6-03-15.2. Operations during epidemic or emergency - Notice to commissioner
- § 6-03-16. Investigation and procedure on application to establish station
- § 6-03-17. Transaction of business at and regulation of station
- § 6-03-18. When station must be discontinued - Revocation of permit
- § 6-03-19. Cancellation of station permit on application to board
- § 6-03-20. Impairment of capital - Notice to commissioner - Penalty
- § 6-03-21. Impairment of capital - Dividends stopped - Action by board - Restoration
- § 6-03-22. Impairment of capital - Stock assessments - Notice and limitation
- § 6-03-23. Capital stock may be increased
- § 6-03-24. Capital stock may be reduced
- § 6-03-25. Approval of increase or reduction by stockholders - Notice of stockholders'
- § 6-03-26. Meeting not required when all stockholders agree in writing to increase or
- § 6-03-27. List of shareholders to be kept and filed
- § 6-03-28. Shares - Value and transfer - Shareholder's obligation
- § 6-03-29. Responsibility of shareholders - Double liability
- § 6-03-29.1. Responsibility of shareholders
- § 6-03-30. Shareholder's liability - Limitation - Publication of notice
- § 6-03-31. Delinquent stock - Sale - Notice
- § 6-03-32. When no bids for purchase of delinquent stock
- § 6-03-33. Loans on shares prohibited - Disposal of stock acquired
- § 6-03-34. Surplus fund required - Dividends only out of earnings not required for
- § 6-03-35. Surplus fund exempt from taxation
- § 6-03-36. Capital must be maintained - Dividends prohibited under certain conditions
- § 6-03-37. Reserve funds
- § 6-03-37.1. Bank loans of excess reserves
- § 6-03-38. Assets not to be used in other business - Exceptions - Penalty
- § 6-03-39. Investment in federal reserve bank stock authorized
- § 6-03-40. Investment in capital stock of certain agricultural credit corporations
- § 6-03-40.1. Liquidation of investments in agricultural credit corporations - Penalty
- § 6-03-41. Issuance of capital notes or debentures - Not subject to double liability
- § 6-03-42. Capital notes or debentures included in capital - Retirement
- § 6-03-43. Preferred stock authorized - Notice to and consent of stockholders
- § 6-03-44. Preferred stock included in capital - Reduction of common stock
- § 6-03-45. Preferred stock - Rights of holders - Nonassessable
- § 6-03-46. Exchange of preferred stock for capital notes or debentures
- § 6-03-47. Investment in loans and obligations secured by federal or state government
- § 6-03-47.1. Investment in loans secured by federal or state government
- § 6-03-47.2. Investments of state banks
- § 6-03-47.3. Bank investment in investment company shares
- § 6-03-47.4. Bank investment in federal agricultural mortgage corporation stock
- § 6-03-48. Investment in notes or bonds secured by insured mortgage - Debentures of
- § 6-03-49. Federal housing administrator - Insured bonds and notes - Debentures Security for deposits
- § 6-03-49.1. Bank investment in service corporation - Service corporation services and
- § 6-03-50. Exceptions from restrictive provisions
- § 6-03-51. Borrowing, normal and emergency - Limitations
- § 6-03-52. Borrowing and rediscounting - Authorization by directors
- § 6-03-53. Borrowing and rediscounting - Report required
- § 6-03-54. Pledge - Ratio to assets
- § 6-03-54.1. Pledges of bank securities to secure repayment of deposits by a federally
- § 6-03-55. Powers of pledgee of bank assets
- § 6-03-56. Unlawful borrowing, rediscounting, endorsing, pledging by officers,
- § 6-03-57. Foreclosure of pledge contracts
- § 6-03-58. Unlawful rediscounts, borrowings, and pledgings
- § 6-03-59. Loan limitation to one borrower or concern
- § 6-03-59.1. Leasing of personal property - Limitation on term and amount
- § 6-03-59.2. Lease financing of public facilities
- § 6-03-60. Loans to and purchases from directors, executive officers, and principal
- § 6-03-61. Excessive loan - Validity - Penalty - Personal liability
- § 6-03-62. Interest on loans - Rate
- § 6-03-63. Interest on deposits - Rates payable - Penalty
- § 6-03-64. Payment of deposits made by fiduciaries, officers, minors, and associations
- § 6-03-65. Deposit in trust - To whom paid
- § 6-03-66. Deposit in two or more names - To whom paid
- § 6-03-67. Appropriation of deposits unlawful - Exception - Liability therefor
- § 6-03-67.1. Operation without federal deposit insurance prohibited - Liability - Penalty
- § 6-03-68. Collection of negotiable instruments by bank - Liability for negligence
- § 6-03-68.1. Settlement of check presented by or through federal reserve bank or Bank
- § 6-03-69. Report of examining committee
- § 6-03-70. Reports - Regular and special - Publication - Penalty
- § 6-03-71. Bonds of officers and employees
- § 6-03-72. Certification of checks, drafts, and orders - Penalty
- § 6-03-73. Deferred posting authorized
- § 6-03-74. Definitions
- § 6-03-75. Varied by agreement
- § 6-03-76. Records search reimbursement
- § 6-05-01. Who may form - Corporation has perpetual existence
- § 6-05-02. Compliance with chapter required - Penalty for noncompliance
- § 6-05-03. Capital required
- § 6-05-04. Surety deposit investments required - Securities in which investment may be
- § 6-05-04.1. Right of action against deposit
- § 6-05-05. Certificate of deposit
- § 6-05-06. Directors - Qualifications - Terms - Vacancies
- § 6-05-07. Election of directors - Appointment and bonds of officers
- § 6-05-08. Corporate powers
- § 6-05-08.1. Issuance of certificates of deposit - Penalty
- § 6-05-09. Savings, investment, and trust property - Separate accounts
- § 6-05-10. Discretionary power of investment - Limitations
- § 6-05-11. Bond not required - Power to be surety on judicial bonds - Deposit of
- § 6-05-11.1. Bonds of officers and employees
- § 6-05-12. Court bonds not required
- § 6-05-13. Transfer of trust to corporation
- § 6-05-14. Compensation - Lien
- § 6-05-15. Investment of trust funds
- § 6-05-15.1. Corporate trustee - Investment of trust funds - Commingling funds
- § 6-05-15.2. Common trust funds of affiliates
- § 6-05-15.3. Deposit of trust funds awaiting investment or distribution in affiliates
- § 6-05-15.4. Multiple offices or places of business - Application to state banking board Hearing
- § 6-05-15.5. Structure of trust company - Operating subsidiaries - Notice - Hearing Supervision
- § 6-05-16. Indebtedness of directors - Prohibition and exception - Theft - Penalty
- § 6-05-17. Corporation subject to court orders - Reports to court
- § 6-05-18. Annual report to state examiner - Publication
- § 6-05-19. Fidelity insurance and corporate suretyship - Domestic and foreign
- § 6-05-20. Execution and acceptance of bond from surety company - Bond as
- § 6-05-21. Cost of bond allowable as expense and taxable as costs in suit
- § 6-05-22. Domestic surety companies and agents must obtain certificate from
- § 6-05-23. Concurrent undertakings permitted - Losses prorated
- § 6-05-24. Surety company may petition to be relieved from liability - Procedure
- § 6-05-25. When subscribed capital stock must be paid in
- § 6-05-26. Increase in capital stock - Action by stockholders - Report to state banking
- § 6-05-27. Commissioner to order increase in security deposit - When
- § 6-05-28. Examination by commissioner - Fees - Power over business, officers, and
- § 6-05-29. Duty of commissioner when examination discloses violation of law
- § 6-05-30. Conditions under which foreign corporation may do fidelity and surety
- § 6-05-31. Service on foreign corporation doing fidelity and surety business
- § 6-05-32. Foreign corporation doing fidelity or surety business to pay tax - To whom
- § 6-05-33. Responsibility of fidelity and surety corporation for fraud of bonded officer
- § 6-05-34. Other code provisions applicable to corporations doing business under this
- § 6-06-01. Savings and credit association may be organized
- § 6-06-02. Manner of organization of credit unions
- § 6-06-03. Commissioner to furnish forms
- § 6-06-04. Amendment of certificate or bylaws - Approval by state credit union board
- § 6-06-05. Use of credit union and corporate central credit union restricted - Forfeiture
- § 6-06-06. Powers of credit unions
- § 6-06-06.1. Issuance of certificates of deposit - Penalty
- § 6-06-07. Membership in credit union
- § 6-06-08. State credit union board to supervise credit unions - Reports Examinations - Fees
- § 6-06-08.1. Additional assessments of credit unions
- § 6-06-08.2. Failing institution - Emergency powers - Hearing - Order - Appeal
- § 6-06-08.3. Examination of credit union computer servicers
- § 6-06-08.4. Prompt corrective action
- § 6-06-08.5. Corporate central credit union records
- § 6-06-09. Fiscal year of credit unions
- § 6-06-10. General and special meetings - Notice - Quorum - Voting privileges
- § 6-06-11. Annual meetings - Election of directors - Election or appointment of
- § 6-06-12. Directors - Duties and powers - Loan limitations
- § 6-06-13. Officers - Elections - Duties
- § 6-06-13.1. Credit union volunteers - Immunity
- § 6-06-14. Loans - How made - Security - Meetings and duties of credit committee Preferential loans
- § 6-06-14.1. Loans - How made - Security - Meetings and duties of loan administration Preferential loans
- § 6-06-15. Duties and powers of supervisory committee
- § 6-06-16. Entrance fee - Capital - Lien on shares - Assessment on shares
- § 6-06-17. Shares may be issued to minor or in trust
- § 6-06-18. Interest rates
- § 6-06-19. Authority to borrow - Limitation - Exception
- § 6-06-20. Borrowings of directors and committee members limited - Repayment of
- § 6-06-21. Reserve fund
- § 6-06-21.1. Amount and manner of establishing special reserves for delinquent loans
- § 6-06-21.2. Agricultural loan amortization and deferral
- § 6-06-22. Permanent loan fund - Amount - How obtained - Ownership
- § 6-06-23. Use of permanent loan fund - To whom loaned and regulating making of
- § 6-06-24. Renewal of loan from permanent loan fund - Foreclosure
- § 6-06-25. Rate of interest - Use of interest - Permanent loan fund loans
- § 6-06-26. Dividends
- § 6-06-27. Notice of intention to withdraw shares and deposits
- § 6-06-28. May change place of business
- § 6-06-29. Taxation of credit unions
- § 6-06-30. Voluntary liquidation authorized - Qualification of liquidating committee
- § 6-06-31. Notice of dissolution to state examiner - Filing examiner's certificates - When
- § 6-06-32. Duty of committee when liquidation completed - State examiner custodian of
- § 6-06-33. Liquidation by the commissioner
- § 6-06-34. Unclaimed dividends of credit unions
- § 6-06-35. Conversion from state to federal credit union and from federal to state credit
- § 6-06-36. Merger
- § 6-06-37. Rules and regulations
- § 6-06-38. Destruction of records
- § 6-06-39. Share scaledown
- § 6-06-40. Share insurance exception
- § 6-06-41. Depository credit union - Endorsements
- § 6-08-01. Banks to have official number
- § 6-08-02. Oath of officers - Form and filing
- § 6-08-03. Taxation of banks
- § 6-08-04. Bank officer or employee paying overdrafts personally liable
- § 6-08-05. Bank officer or employee overdrawing own account guilty of misdemeanor
- § 6-08-06. Banks exempt from attachment and execution
- § 6-08-07. Liability of bank on forged or raised check restricted
- § 6-08-08. Bank stock held by decedents - Duty of county judge, commissioner, bank
- § 6-08-08.1. Sale or purchase of associations, banking institutions, or holding
- § 6-08-09. Banking association officers - Punishment for violation of duty - Penalty
- § 6-08-10. Articles as evidence
- § 6-08-11. Punishment for violation of duty by director of moneyed corporation Penalty
- § 6-08-12. False statements or entries - Felony
- § 6-08-13. False statements to obtain credit - Accepting credit on false statements Misdemeanor
- § 6-08-14. False statements concerning bank values - Penalty
- § 6-08-15. Slander or libel of bank or credit union - Safe deposit, annuity, surety, or
- § 6-08-16. Issuing check or draft without sufficient funds or credit - Notice - Time
- § 6-08-16.1. Issuing check or draft without account - Penalty
- § 6-08-16.2. Issuing check without account - Financial liability - Penalty - Exceptions
- § 6-08-16.3. Consolidation of offenses - Dishonored checks
- § 6-08-16.4. Return of paid checks to the issuer
- § 6-08-17. Punishment of felonies
- § 6-08-18. Punishment of misdemeanors
- § 6-08-19. Punishment for offenses when corporation or association is convicted
- § 6-08-20. Penalties - How recovered
- § 6-08-21. Execution of instruments
- § 6-08-22. Holiday transactions
- § 6-08-23. Retention of records
- § 6-08-24. Actions on accounts and claims limited
- § 6-08-24.1. Disposition of certain unclaimed accounts
- § 6-08-25. When foreign bank or trust company may serve in fiduciary capacity in state
- § 6-08-26. Requirements of foreign bank or trust company serving as fiduciary in state
- § 6-08-27. Resident place of business, branch office, or agency authorized Application
- § 6-08-28. Penalty
- § 6-08-29. Annual escrow account statement
- § 6-08-30. Limitation on control of deposits
- § 6-08-31. Electronic funds transfer fees
- § 6-08-32. Funds transfers - Disclosure to financial institution required
- § 6-08-33. Unauthorized funds transfer - Liability
- § 6-08-34. Documenting customer identity
- § 6-08-35. Legal recognition of electronic records and electronic signatures
- § 6-08-36. Automated teller machines - Definitions - International charges - Application
- § 6-09-01. Purpose and establishment of Bank of North Dakota
- § 6-09-02. Industrial commission to operate Bank - Business of Bank
- § 6-09-02.1. Declaration and finding of public purpose - Bank of North Dakota advisory
- § 6-09-02.2. Authority of the advisory board of directors to the Bank of North Dakota
- § 6-09-03. Industrial commission may acquire property by purchase or eminent domain