™Your Policy Risk Impact Agent
118 chapters · 1,589 sections in this title.
N.D.C.C. § 26.1-50-01 Definitions
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As used in this chapter: 1. "Fund" means the North Dakota low-risk incentive fund. 2. "Governing board" means the board of directors of the corporation or board of governors of the limited liability company established under section 26.1-50-02. 3. "Insurer" means any foreign or d…
N.D.C.C. § 26.1-50-02 Establishment - Organization
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Any insurer or group of insurers may establish a corporation or limited liability company to own and operate the North Dakota low-risk incentive fund. Except as provided in this chapter, all authority regarding the articles of incorporation or articles of organization is the prov…
N.D.C.C. § 26.1-50-03 North Dakota low-risk incentive fund use
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The fund may be used only for making loans to low-risk businesses for primary sector business projects in this state. A loan may not be approved or made by the fund without some participation in the loan by the Bank of North Dakota. A loan from the fund may not be made to an insu…
N.D.C.C. § 26.1-50-04 Loan administration
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An application for a loan from the fund must contain the information prescribed by the governing board. Except as provided in this section, information contained in applications for loans from the fund is confidential. The Bank of North Dakota shall review each loan application, …
