Section 13-03-15-03 - Location of branch1. Branches of "closed charter" credit unions established pursuant to the provisions of this chapter must be reasonably necessary in order to properly serve units of the field of membership which are not being properly served by the principal credit union office. The location of such office shall not be restricted except that, in the judgment of the state credit union board, it must be located so as to accomplish the above.2. Branches of "open charter" credit unions must be located within the geographical boundaries which are authorized by the charter. The establishment of such branch facility may not, of itself, expand the geographical boundaries of the credit union's field of membership.N.D. Admin Code 13-03-15-03
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-06-06