North Dakota Statutes
§ 6-03-42 — Capital notes or debentures included in capital - Retirement
North Dakota § 6-03-42
This text of North Dakota § 6-03-42 (Capital notes or debentures included in capital - Retirement) 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 § 6-03-42 (2026).
Text
The term "capital" as used in this title embraces the amount of outstanding capital notes and
debentures legally issued by any banking institution. The capital stock of a banking institution is
unimpaired when the amount of such capital notes and debentures as represented by sound
assets exceeds the impairment as found by the commissioner. The commissioner must approve
of any retirement of any capital notes or debentures and may require the bank to issue some
other form of capital before retiring the capital notes or debentures.
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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
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Bluebook (online)
North Dakota § 6-03-42, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/6-03-42.