Investment in banking facility, furniture, and fixtures - Limitation

N.D.C.C. § 6-03-07 — under Powers, Management, and Operation of Banks.

N.D.C.C. § 6-03-07

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.