North Dakota Statutes
§ 6-03-54 — Pledge - Ratio to assets
North Dakota § 6-03-54
This text of North Dakota § 6-03-54 (Pledge - Ratio to assets) 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 § 6-03-54 (2026).
Text
It is unlawful for any state banking association to pledge or hypothecate more than one and
one-half dollars of the face value of any of its assets for each one dollar of money borrowed,
except with written authority from the commissioner.
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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 - ConfidentialCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 6-03-54, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/6-03-54.