Statutes, codes, and regulations
North Dakota Century Code
Title 6 - BANKS AND BANKING
Chapter 6-05 - ANNUITY, SAFE DEPOSIT, SURETY, AND TRUST COMPANIES
Section 6-05-15.3 - Deposit of trust funds awaiting investment or distribution in affiliates

N.D. Cent. Code § 6-05-15.3

Download
PDF
Current through 2023 Legislative Sessions
Section 6-05-15.3 - Deposit of trust funds awaiting investment or distribution in affiliates

A bank or trust company qualified to and acting as fiduciary or cofiduciary in this state may deposit trust funds awaiting investment or distribution in a bank, including, without limitation, a bank that owns or controls, or that is owned or controlled by a corporation that owns or controls, the bank or trust company.

N.D.C.C. § 6-05-15.3