North Dakota Statutes
§ 6-03-54 — Pledge - Ratio to assets
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 - Confidential