North Dakota § 6-01-15 Officers and employees to be disinterested

North Dakota Statutes

§ 6-01-15 — Officers and employees to be disinterested

North Dakota § 6-01-15

Title 6Banks and Banking

Ch. 6-01Department of Financial Institutions

This text of North Dakota § 6-01-15 (Officers and employees to be disinterested) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 6-01-15 (2026).

Text

1.No officer or employee of this department may have any interest, directly or indirectly, in any financial corporation or financial institution within the jurisdiction of the department of financial institutions, nor in any corporation or institution engaged wholly or in part in the writing or issuing of bonds of or for any such corporation or institution or any officer or employee thereof. Provided, however, this prohibition does not apply to membership in a state-chartered credit union or cooperative financial institution.

2.For purposes of this section, "interest" means ownership of or investment in such corporations or institutions.

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1. No officer or employee of this department may have any interest, directly or indirectly,
in any financial corporation or financial institution within the jurisdiction of the
department of financial institutions, nor in any corporation or institution engaged wholly
or in part in the writing or issuing of bonds of or for any such corporation or institution
or any officer or employee thereof. Provided, however, this prohibition does not apply
to membership in a state-chartered credit union or cooperative financial institution.
2. For purposes of this section, "interest" means ownership of or investment in such
corporations or institutions.