Prohibited Offshore Acts

4 CMC § 6812 — under Prohibited Practices, Sanctions.

4 CMC § 6812

TITLE 4: ECONOMIC RESOURCES

DIVISION 6: BANKING AND FINANCIAL INSTITUTIONS

§ 6812. Prohibited Offshore Acts. An offshore bank may not make loans, accept deposits or borrow funds in any form from a resident of the Commonwealth or a corporation chartered by the Commonwealth. Source: PL 3-104, § 1011.