North Dakota Statutes
§ 6-03-63 — Interest on deposits - Rates payable - Penalty
No state banking association may pay interest on deposits, directly or indirectly, at rates
greater than authorized by the state banking board. The board's authorization of interest rates is
not subject to the public notice and public hearing requirements of chapter 28-32. Any officer,
director, or employee of any association violating the provisions of this section, directly or
indirectly, is guilty of a class B misdemeanor.
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Related
State v. Hart
162 N.W.2d 499 (North Dakota Supreme Court, 1968)
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