A subsidiary trust company may be incorporated under the laws of this state or formed under the laws of the United States. To the extent not inconsistent with the provisions of sections 6-05.1-01 through 6-05.1-05, any subsidiary trust company incorporated under the laws of this state is subject to the laws of this state generally applicable to trust companies. A subsidiary trust company formed under the laws of the United States is, to the extent provided by the laws of the United States, subject to the laws of this state applicable to subsidiary trust companies incorporated under the laws of this state.
N.D. Cent. Code § 6-05.1-02
Organization of subsidiary trust companies
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.