N.D. Cent. Code § 6-07.1-09
Current through the 2023 Legislative Sessions
The receiver may deposit funds collected on behalf of the state trust company estate in the Bank of North Dakota or one or more depository institutions in this state. If receivership funds deposited in an account at a depository institution exceed the maximum insured amount, the receiver shall require the excess deposit to be adequately secured through pledge of securities or otherwise, without approval of the court.
N.D.C.C. § 6-07.1-09