Title 6 — Banks and Banking
45 chapters · 536 sections in this title.
N.D.C.C. § 6-02-01 Compliance with chapters required - Penalty for noncompliance
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1. No person, firm, company, copartnership, or corporation, either domestic or foreign, not organized under this chapter or authorized to take on banking powers under this section, except national banking corporations, banks organized under the laws of another state, domestic or …
N.D.C.C. § 6-02-02 Banking corporations - Who may form
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An association for carrying on the business of banking under this title may be formed by any number of natural persons, not less than three, at least two-thirds of whom must be residents of this state. They shall enter into articles of association which must specify in general te…
N.D.C.C. § 6-02-02.1 Nonbank bank not qualified to do business
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It is unlawful for any organization, association, or corporation, which owns or controls an institution insured by the federal deposit insurance corporation, to own or control an institution insured by the federal deposit insurance corporation or eligible to be insured by the fed…
N.D.C.C. § 6-02-03 Capital stock, surplus, and federal deposit insurance requirements
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1. The capital stock of any banking association organized after June 30, 1987, must be not less than one hundred thousand dollars. In addition to such capital requirements, there must be subscribed and paid in at the time of organization a surplus of not less than fifty thousand …
N.D.C.C. § 6-02-04 Organization certificate - Contents
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The persons uniting to form such an organization shall prepare an organization certificate, bearing their signatures, which must state specifically: 1. The name assumed by such association, and such name may not be the name of any other bank in this state, nor of any bank heretof…
N.D.C.C. § 6-02-06 Hearing by board - Conclusions - Management
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1. At the time and place stated, and through any sources of information at its command, the board diligently shall inquire whether the place where such banking association is proposed to be located is in need of further banking facilities, whether the proposed association is adap…
N.D.C.C. § 6-02-07 Determination of board - Recording of organization certificate
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If the determination of the state banking board is in favor of the applicants, the organization certificate and permission of the board accompanying the same must be recorded in the office of the recorder of the county in which such banking association is to be established, and t…
N.D.C.C. § 6-02-08 Certificate and authorization published
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Repealed by S.L. 1969, ch. 101, § 1.
N.D.C.C. § 6-02-09 Renewal charter
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A renewal charter must not be granted to any association until satisfactory evidence has been furnished to the state banking board that the capital and surplus of the association seeking to renew its charter conforms to the requirements of this title relating to new banking assoc…