Title 6 — Banks and Banking
45 chapters · 536 sections in this title.
N.D.C.C. § 6-08.2-01 Sale of banking institutions owned by charitable trusts
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Expired under S.L. 1987, ch. 124, § 9. 6-08.2-02. Presentment of plan of acquiring entity to the state department of financial institutions. Prior to any acquisition under this chapter, the acquiring entity must present a plan to the state department of financial institutions. Th…
N.D.C.C. § 6-08.2-03 Offer to purchase minority stock required
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Any bank holding company owned by a charitable trust that sells, assigns, merges, or transfers the stock of any bank or bank holding company pursuant to this chapter shall communicate to and offer to purchase the stock of any minority stockholder of the bank or bank holding compa…
N.D.C.C. § 6-08.2-04 Grants requirement - Commitment - Reports to attorney general
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Any charitable trust that divests itself of any interest pursuant to this chapter shall file a commitment with the attorney general prior to any divestiture that the charitable trust will, subject to the provisions of the trust instrument pursuant to which the trust was created, …
N.D.C.C. § 6-08.2-05 Designation of agent for service of process
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Any charitable trust that divests itself of any interest pursuant to this chapter shall designate the secretary of state as its agent for service of process in this state.
N.D.C.C. § 6-08.2-06 Limitations
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1. The authority granted by this chapter does not authorize the acquiring entity to resell, reassign, merge, or transfer stock or assets of any state or national bank or bank holding company acquired under this chapter except as permitted under the laws of this state. 2. This cha…
N.D.C.C. § 6-08.2-07 Provisions not severable
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Notwithstanding section 1-02-20, if any provision of this chapter is determined by any court of competent or final jurisdiction to be invalid or unconstitutional, this entire chapter is void.