North Dakota Statutes
§ 6-02-02 — Banking corporations - Who may form
An association for carrying on the business of banking under this title may be formed by any
number of natural persons, not less than three, at least two-thirds of whom must be residents of
this state. They shall enter into articles of association which must specify in general terms the
object for which the association is formed and which may contain any other provisions, not
inconsistent with law, which the association may see fit to adopt for the regulation of its business
and the conduct of its affairs. These articles must be signed and acknowledged by the persons
uniting to form the association and must be filed in the office of the secretary of state. This
section does not apply to a cooperative financial institution.
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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