Statutes, codes, and regulations
North Dakota Century Code
Title 6 - BANKS AND BANKING
Chapter 6-03 - POWERS, MANAGEMENT, AND OPERATION OF BANKS
Section 6-03-47.3 - Bank investment in investment company shares

N.D. Cent. Code § 6-03-47.3

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Current through 2024 Legislative Session
Section 6-03-47.3 - Bank investment in investment company shares

Financial institutions under the jurisdiction of the state banking board may invest in shares of investment companies registered under the Investment Companies Act of 1940 and which invest only in investments otherwise permitted under this chapter. The state banking board may issue rules and regulations governing investments by North Dakota financial institutions in shares of registered investment companies.

N.D.C.C. § 6-03-47.3