Statutes, codes, and regulations
North Dakota Century Code
Title 6 - BANKS AND BANKING
Chapter 6-03 - POWERS, MANAGEMENT, AND OPERATION OF BANKS
Section 6-03-35 - Surplus fund exempt from taxation

N.D. Cent. Code § 6-03-35

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Current through 2023 Legislative Sessions
Section 6-03-35 - Surplus fund exempt from taxation

The surplus fund of any association organized under this title, in an amount not exceeding one hundred percent of its capital stock, is exempt from taxation and must not be taken into account in determining the taxable value of the shares of stock of the association.

N.D.C.C. § 6-03-35