North Dakota Statutes

§ 6-03-35 — Surplus fund exempt from taxation

North Dakota § 6-03-35
JurisdictionNorth Dakota
Title 6Banks and Banking
Ch. 6-03Powers, Management, and Operation of Banks

This text of North Dakota § 6-03-35 (Surplus fund exempt from taxation) 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 § 6-03-35 (2026).

Text

The surplus fund of any association organized under this title, in an amount not exceeding one hundred percent of its capital stock, is exempt from taxation and must not be taken into account in determining the taxable value of the shares of stock of the association.

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Bluebook (online)
North Dakota § 6-03-35, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/6-03-35.