Chapter 6-03 - POWERS, MANAGEMENT, AND OPERATION OF BANKS

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Section 6-03-03 - [Repealed]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Section 6-03-05.1 - [Repealed]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Section 6-03-13.2 - [Repealed]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Section 6-03-14 - [Repealed]
Section 6-03-14.1 - [Repealed]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Section 6-03-15 - [Repealed]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Section 6-03-16 - [Repealed]
Section 6-03-17 - [Repealed]
Section 6-03-18 - [Repealed]
Section 6-03-19 - [Repealed]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