North Dakota Statutes
§ 6-03-35 — Surplus fund exempt from taxation
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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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