Statutes, codes, and regulations
North Dakota Century Code
Title 6 - BANKS AND BANKING
Chapter 6-03 - POWERS, MANAGEMENT, AND OPERATION OF BANKS
Section 6-03-07 - Investment in banking facility, furniture, and fixtures - Limitation

N.D. Cent. Code § 6-03-07

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Current through 2024 Legislative Session
Section 6-03-07 - Investment in banking facility, furniture, and fixtures - Limitation

A state banking association may not invest more than sixty-five percent of the amount of its unimpaired capital stock, surplus, and undivided profits in a banking facility, furniture, fixtures, and equipment without the approval of the commissioner or the state banking board.

N.D.C.C. § 6-03-07