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45 chapters · 503 sections in this title.
N.D.C.C. § 6-03-07 Investment in banking facility, furniture, and fixtures - Limitation
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A state banking association may not invest more than sixty-five percent of the amount of its unimpaired capital stock, surplus, and undivided profits in a banking facility, furniture, fixtures, and equipment without the approval of the commissioner or the state banking board.
N.D.C.C. § 6-03-08 Powers as to other real estate
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Every state banking association has the power to purchase, hold, and convey other real estate as herein provided, and not otherwise: 1. Such as is mortgaged to it in good faith by way of security for loans or for debts previously contracted. 2. Such as is conveyed to it in good f…
N.D.C.C. § 6-03-09 Holding of real estate - Limitation
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No banking association may hold the possession of any real estate under mortgage, nor title and possession of any real estate purchased to satisfy indebtedness, for a longer period than five years from the date of acquiring title thereto unless such time has been extended by cert…
N.D.C.C. § 6-03-10 Violation of powers - Penalty
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Any banking association violating the provisions of the preceding sections of this chapter relating to powers, at the discretion of the state banking board, shall forfeit its charter. Any officer, director, or employee who knowingly violates or permits the violation of any of suc…
