Statutes, codes, and regulations
North Dakota Administrative Code
Title 13 - Department of Financial InstitutionsArticle 13-02 - Banking and Savings and Loan Associations
Chapter 13-02-13 - Mergers
Section 13-02-13-01 - Consolidation or merger

N.D. Admin. Code 13-02-13-01

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Current through Supplement No. 394, October, 2024
Section 13-02-13-01 - Consolidation or merger

Any two or more banking institutions may consolidate or merge upon making application and subject to approval by the state banking board. An application to consolidate or merge is not required when a state-chartered banking institution is not the survivor. A banking institution proposing to purchase assets and assume the liabilities of another banking institution must be considered a consolidation or merger and subject to an application under this chapter.

N.D. Admin Code 13-02-13-01

Effective October 1, 1991.

General Authority: NDCC 6-01-04, 6-03-11

Law Implemented: NDCC 6-03-11