Statutes, codes, and regulations
North Dakota Administrative Code
Title 13 - Department of Financial InstitutionsArticle 13-03 - Credit Unions
Chapter 13-03-22 - Investment Activities
Section 13-03-22-08 - Discretionary control over investments

N.D. Admin. Code 13-03-22-08

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Current through Supplement No. 394, October, 2024
Section 13-03-22-08 - Discretionary control over investments

A credit union must retain discretionary control over its purchase and sale of investments. A credit union has not delegated discretionary control to an investment adviser when the credit union reviews all recommendations from investment advisers and is required to authorize a recommended purchase or sale transaction before its execution.

N.D. Admin Code 13-03-22-08

Effective January 1, 2007.

General Authority: NDCC 6-01-04

Law Implemented: NDCC 6-06-06