Statutes, codes, and regulations
North Dakota Century Code
Title 6 - BANKS AND BANKING
Chapter 6-03 - POWERS, MANAGEMENT, AND OPERATION OF BANKS
Section 6-03-20 - Impairment of capital - Notice to commissioner - Penalty

N.D. Cent. Code § 6-03-20

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Current through 2024 Legislative Session
Section 6-03-20 - Impairment of capital - Notice to commissioner - Penalty

The president, cashier, or other officer in active charge of any state banking association shall notify the commissioner immediately by certified mail of any impairment of capital or reduction of capital stock thereof, and any such officer failing so to do is guilty of a class B misdemeanor.

N.D.C.C. § 6-03-20