1. If a reciprocating state bank holding company makes an acquisition other than in full compliance with the requirements and procedures of this chapter, the board may, by order: a. Immediately require the reciprocating state bank holding company to divest itself of its direct or indirect ownership or control of any bank located in this state; or b. Require the reciprocating state bank holding company to cease and desist the violations by a certain date. 2. The order is subject to the procedures applicable to cease and desist proceedings under section 6-01-04.2 and any applicable rules.
Divestiture - Cease and desist
N.D.C.C. § 6-08.3-07 — under Reciprocal Interstate Banking.
N.D.C.C. § 6-08.3-07