Chapter

Powers, Management, and Operation of Banks

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