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N.D. Cent. Code ch. 6-05 – Annuity, Safe Deposit, Surety, and Trust Companies | Midpage
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North Dakota Century Code
Title 6
Chapter 6-05
N.D. Cent. Code ch. 6-05
Annuity, Safe Deposit, Surety, and Trust Companies
6-05-01
Who may form - Corporation has perpetual existence
6-05-02
Compliance with chapter required - Penalty for noncompliance
6-05-03
Capital required
6-05-04
Surety deposit investments required - Securities in which investment may be made
6-05-04.1
Right of action against deposit
6-05-05
Certificate of deposit
6-05-06
Directors - Qualifications - Terms - Vacancies
6-05-07
Election of directors - Appointment and bonds of officers
6-05-08
Corporate powers
6-05-08.1
Issuance of certificates of deposit - Penalty
6-05-09
Savings, investment, and trust property - Separate accounts
6-05-10
Discretionary power of investment - Limitations
6-05-11
Bond not required - Power to be surety on judicial bonds - Deposit of securities
6-05-11.1
Bonds of officers and employees
6-05-12
Court bonds not required
6-05-13
Transfer of trust to corporation
6-05-14
Compensation - Lien
6-05-15
Investment of trust funds
6-05-15.1
Corporate trustee - Investment of trust funds - Commingling funds
6-05-15.2
Common trust funds of affiliates
6-05-15.3
Deposit of trust funds awaiting investment or distribution in affiliates
6-05-15.4
Multiple offices or places of business - Application to state banking board - Hearing
6-05-15.5
Structure of trust company - Operating subsidiaries - Notice - Hearing - Supervision
6-05-16
Indebtedness of directors - Prohibition and exception - Theft - Penalty
6-05-17
Corporation subject to court orders - Reports to court
6-05-18
Annual report to state examiner - Publication
6-05-19
Fidelity insurance and corporate suretyship - Domestic and foreign corporations
6-05-20
Execution and acceptance of bond from surety company - Bond as compliance with law
6-05-21
Cost of bond allowable as expense and taxable as costs in suit
6-05-22
Domestic surety companies and agents must obtain certificate from insurance commissioner
6-05-23
Concurrent undertakings permitted - Losses prorated
6-05-24
Surety company may petition to be relieved from liability - Procedure
6-05-25
When subscribed capital stock must be paid in
6-05-26
Increase in capital stock - Action by stockholders - Report to state banking board
6-05-27
Commissioner to order increase in security deposit - When
6-05-28
Examination by commissioner - Fees - Power over business, officers, and employees
6-05-29
Duty of commissioner when examination discloses violation of law
6-05-30
Conditions under which foreign corporation may do fidelity and surety business
6-05-31
Service on foreign corporation doing fidelity and surety business
6-05-32
Foreign corporation doing fidelity or surety business to pay tax - To whom paid - How determined
6-05-33
Responsibility of fidelity and surety corporation for fraud of bonded officer
6-05-34
Other code provisions applicable to corporations doing business under this chapter