N.D. Cent. Code § 6-08.2-02

Current through 2023 Legislative Sessions

Section 6-08.2-02 - Presentment of plan of acquiring entity to the state department of financial institutions

Prior to any acquisition under this chapter, the acquiring entity must present a plan to the state department of financial institutions. The plan must provide that the acquiring entity commits itself to the condition that it capitalize each bank to be acquired in this state according to the applicable banking laws of this state and the requirements of the federal deposit insurance corporation or any applicable federal banking laws.

N.D.C.C. § 6-08.2-02