North Dakota § 6-03-47 Investment in loans and obligations secured by federal or state government

North Dakota Statutes

§ 6-03-47 — Investment in loans and obligations secured by federal or state government

North Dakota § 6-03-47

Title 6Banks and Banking

Ch. 6-03Powers, Management, and Operation of Banks

This text of North Dakota § 6-03-47 (Investment in loans and obligations secured by federal or state government) 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 § 6-03-47 (2026).

Text

Banks, trust companies, the Bank of North Dakota, building and loan associations,
insurance companies, and other organizations in this state whose mortgage lending is regulated
by law, or that are duly qualified federal housing administration mortgagees, are authorized to
make, buy, or sell any loan, advances of credit, and obligations representing loans and
advances of credit that are insured or guaranteed, or where there is a commitment to insure or
guarantee, in part or in full, or conditionally, by the United States, its instrumentalities, this state,
or its instrumentalities.

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Banks, trust companies, the Bank of North Dakota, building and loan associations,
insurance companies, and other organizations in this state whose mortgage lending is regulated
by law, or that are duly qualified federal housing administration mortgagees, are authorized to
make, buy, or sell any loan, advances of credit, and obligations representing loans and
advances of credit that are insured or guaranteed, or where there is a commitment to insure or
guarantee, in part or in full, or conditionally, by the United States, its instrumentalities, this state,
or its instrumentalities.