™Your Policy Risk Impact Agent
45 chapters · 451 sections in this title.
N.D.C.C. § 6-10-01 License required to act as agent for deposits
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No person, partnership, association, corporation, or limited liability company, except as otherwise authorized by law, may engage in the business of receiving, as agent for another, moneys for the purpose of deposit in a bank, without first having applied to the commissioner and …
N.D.C.C. § 6-10-02 License fee - Bond
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Such applicant shall pay to the commissioner an annual fee of twenty-five dollars, and shall furnish a bond to the state of North Dakota, executed by a corporate surety company authorized to do business in this state, in the sum of not less than five thousand dollars. Such bond f…
N.D.C.C. § 6-10-03 Limit on license
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No license may be granted for the purpose of conducting such business in any city wherein there already is operating a state or national bank or an authorized separate facility. In the event that a national or state bank or an authorized separate facility is authorized to do, and…
N.D.C.C. § 6-10-04 Agent must deposit funds as directed
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A licensee operating a business under the terms of this chapter may not loan any of the moneys given into the licensee's custody by any depositor for deposit in a bank, but shall promptly transfer said funds to the bank designated by the depositor, and each depositor has the righ…
