An original and ten copies of the application to organize a trust company must be filed with the board. In lieu of an original application, the board will accept a copy of the application submitted to the federal deposit insurance corporation. The application must clearly indicate the types of trust services to be performed. The application must specify the location as to where the trust company is proposed to be located. The applicant must provide any additional information determined by the commissioner or board to be necessary.
N.D. Admin Code 13-02-19-01
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-05-01