Collections
North Dakota Century Code
Title 6
Chapter 6-03
N.D. Cent. Code ch. 6-03
Powers, Management, and Operation of Banks
Learn More
Log In
Sign Up
6-03-01
Powers before receipt of certificate of authority
6-03-02
Powers
6-03-02.1
Indemnification by banking association
6-03-02.2
Issuance of certificates of deposit - Penalty
6-03-02.3
Parity for state and national banks
6-03-03
Directors - Qualifying shares - Issue and transfer
6-03-04
Director's oath of office - Filing
6-03-04.1
Standard of conduct for directors of financial institutions
6-03-05
Loans on real estate - Regulation - Limitation
6-03-05.1
Additional optional loans and advances
6-03-05.2
Agricultural loan amortization and deferral
6-03-06
Sale of real estate loans
6-03-07
Investment in banking facility, furniture, and fixtures - Limitation
6-03-08
Powers as to other real estate
6-03-09
Holding of real estate - Limitation
6-03-10
Violation of powers - Penalty
6-03-11
Conversion, consolidation, or merger
6-03-12
Transfer of assets on consolidation or merger
6-03-13
Conversion to national bank - Sale of bank - Removal to new location
6-03-13.1
Separate facilities authorized
6-03-13.2
Further limitations upon facility
6-03-13.3
Facts considered for approval
6-03-13.4
Effect of authority
6-03-13.5
National bank, federal savings association, or state savings and loan association conversion to state bank
6-03-13.6
Branch conversions
6-03-14
Paying and receiving stations authorized
6-03-14.1
Maintenance of facilities of merged banks
6-03-14.2
Subsidiary depository institutions as agents
6-03-15
Application to state banking board to establish stations
6-03-15.1
Temporary relocation of bank operations
6-03-15.2
Operations during epidemic or emergency - Notice to commissioner
6-03-16
Investigation and procedure on application to establish station
6-03-17
Transaction of business at and regulation of station
6-03-18
When station must be discontinued - Revocation of permit
6-03-19
Cancellation of station permit on application to board
6-03-20
Impairment of capital - Notice to commissioner - Penalty
6-03-21
Impairment of capital - Dividends stopped - Action by board - Restoration
6-03-22
Impairment of capital - Stock assessments - Notice and limitation
6-03-23
Capital stock may be increased
6-03-24
Capital stock may be reduced
6-03-25
Approval of increase or reduction by stockholders - Notice of stockholders' meeting
6-03-26
Meeting not required when all stockholders agree in writing to increase or reduction
6-03-27
List of shareholders to be kept and filed
6-03-28
Shares - Value and transfer - Shareholder's obligation
6-03-29
Responsibility of shareholders - Double liability
6-03-29.1
Responsibility of shareholders
6-03-30
Shareholder's liability - Limitation - Publication of notice
6-03-31
Delinquent stock - Sale - Notice
6-03-32
When no bids for purchase of delinquent stock
6-03-33
Loans on shares prohibited - Disposal of stock acquired
6-03-34
Surplus fund required - Dividends only out of earnings not required for surplus
6-03-35
Surplus fund exempt from taxation
6-03-36
Capital must be maintained - Dividends prohibited under certain conditions
6-03-37
Reserve funds
6-03-37.1
Bank loans of excess reserves
6-03-38
Assets not to be used in other business - Exceptions - Penalty
6-03-39
Investment in federal reserve bank stock authorized
6-03-40
Investment in capital stock of certain agricultural credit corporations authorized - Limitations
6-03-40.1
Liquidation of investments in agricultural credit corporations - Penalty
6-03-41
Issuance of capital notes or debentures - Not subject to double liability
6-03-42
Capital notes or debentures included in capital - Retirement
6-03-43
Preferred stock authorized - Notice to and consent of stockholders
6-03-44
Preferred stock included in capital - Reduction of common stock
6-03-45
Preferred stock - Rights of holders - Nonassessable
6-03-46
Exchange of preferred stock for capital notes or debentures
6-03-47
Investment in loans and obligations secured by federal or state government
6-03-47.1
Investment in loans secured by federal or state government
6-03-47.2
Investments of state banks
6-03-47.3
Bank investment in investment company shares
6-03-47.4
Bank investment in federal agricultural mortgage corporation stock
6-03-48
Investment in notes or bonds secured by insured mortgage - Debentures of federal housing administrator authorized
6-03-49
Federal housing administrator - Insured bonds and notes - Debentures - Security for deposits
6-03-49.1
Bank investment in service corporation - Service corporation services and activities
6-03-50
Exceptions from restrictive provisions
6-03-51
Borrowing, normal and emergency - Limitations
6-03-52
Borrowing and rediscounting - Authorization by directors
6-03-53
Borrowing and rediscounting - Report required
6-03-54
Pledge - Ratio to assets
6-03-54.1
Pledges of bank securities to secure repayment of deposits by a federally recognized Indian tribe
6-03-55
Powers of pledgee of bank assets
6-03-56
Unlawful borrowing, rediscounting, endorsing, pledging by officers, employees, and accessories - Penalty
6-03-57
Foreclosure of pledge contracts
6-03-58
Unlawful rediscounts, borrowings, and pledgings
6-03-59
Loan limitation to one borrower or concern
6-03-59.1
Leasing of personal property - Limitation on term and amount
6-03-59.2
Lease financing of public facilities
6-03-60
Loans to and purchases from directors, executive officers, and principal shareholders - Restrictions - Conditions - Penalty - Civil liability
6-03-61
Excessive loan - Validity - Penalty - Personal liability
6-03-62
Interest on loans - Rate
6-03-63
Interest on deposits - Rates payable - Penalty
6-03-64
Payment of deposits made by fiduciaries, officers, minors, and associations
6-03-65
Deposit in trust - To whom paid
6-03-66
Deposit in two or more names - To whom paid
6-03-67
Appropriation of deposits unlawful - Exception - Liability therefor
6-03-67.1
Operation without federal deposit insurance prohibited - Liability - Penalty
6-03-68
Collection of negotiable instruments by bank - Liability for negligence
6-03-68.1
Settlement of check presented by or through federal reserve bank or Bank of North Dakota
6-03-69
Report of examining committee
6-03-70
Reports - Regular and special - Publication - Penalty
6-03-71
Bonds of officers and employees
6-03-72
Certification of checks, drafts, and orders - Penalty
6-03-73
Deferred posting authorized
6-03-74
Definitions
6-03-75
Varied by agreement
6-03-76
Records search reimbursement