Statutes, codes, and regulations
North Dakota Administrative Code
Title 13 - Department of Financial InstitutionsArticle 13-02 - Banking and Savings and Loan Associations
Chapter 13-02-19 - Trust Companies
Section 13-02-19-02 - Criteria for approval

N.D. Admin. Code 13-02-19-02

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Current through Supplement No. 394, October, 2024
Section 13-02-19-02 - Criteria for approval

The applicant must demonstrate that the proposed trust committee and officers have experience commensurate with the trust powers being requested. Upon granting trust powers, the board may require the applicant to commit to a training program of trust schools and seminars acceptable to the board. The board may also direct the applicant to enter into a training agreement with another trust company or bank.

N.D. Admin Code 13-02-19-02

Effective November 1, 1994.

General Authority: NDCC 6-01-04

Law Implemented: NDCC 6-05-01