A bank or trust company qualified to and acting as fiduciary or cofiduciary in this state may deposit trust funds awaiting investment or distribution in a bank, including, without limitation, a bank that owns or controls, or that is owned or controlled by a corporation that owns or controls, the bank or trust company.
Deposit of trust funds awaiting investment or distribution in affiliates
N.D.C.C. § 6-05-15.3, under Annuity, Safe Deposit, Surety, and Trust Companies.
N.D.C.C. § 6-05-15.3