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.
Impairment of capital - Notice to commissioner - Penalty
N.D.C.C. § 6-03-20 — under Powers, Management, and Operation of Banks.
N.D.C.C. § 6-03-20