North Dakota Statutes
§ 6-01-06 — Appointment of receivers
The state banking board and state credit union board, except as otherwise provided in this
title, have authority and power to appoint, by their own order, receivers for insolvent financial
institutions and credit unions under their regulatory supervision. Such receivers have the same
power and authority, and their acts have the same validity, as if they had been appointed under
and by the direction of a district court. Nothing herein contained may be construed so as to take
away from the courts the power to appoint receivers of such financial institutions and credit
unions at any stage of the proceedings and thus to terminate the receivership ordered by the
board.
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Nearby Sections
15
§ 6-01-01
Management and control - State department of financial institutions - Local ordinances preempted§ 6-01-01.1
Regulatory fund established - Uses - Continuing appropriation (Effective through June 30, 2029)§ 6-01-02
Definitions§ 6-01-04.2
Cease and desist orders§ 6-01-04.3
Assessment of civil money penalties§ 6-01-04.4
Prompt corrective action§ 6-01-04.5
Investigation of bank holding companies§ 6-01-06
Appointment of receivers§ 6-01-07.1
Records - Confidential