North Dakota § 6-03-71 Bonds of officers and employees

North Dakota Statutes

§ 6-03-71 — Bonds of officers and employees

North Dakota § 6-03-71

Title 6Banks and Banking

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

This text of North Dakota § 6-03-71 (Bonds of officers and employees) 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 § 6-03-71 (2026).

Text

All officers and employees of any state banking association, before entering upon their
duties, shall furnish a bond to the association in the sum and upon the conditions as required by
the board of directors in keeping with rules established by the state banking board. All bonds
must be approved by the board of directors of the association and are subject to the approval of

the commissioner. A record of the approval of the bonds by the board of directors of the
association must be made on the records of the bank, and the bonds must be filed with the
commissioner. Stockholders of the banks are not eligible as bondsmen for the officers.

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All officers and employees of any state banking association, before entering upon their
duties, shall furnish a bond to the association in the sum and upon the conditions as required by
the board of directors in keeping with rules established by the state banking board. All bonds
must be approved by the board of directors of the association and are subject to the approval of

the commissioner. A record of the approval of the bonds by the board of directors of the
association must be made on the records of the bank, and the bonds must be filed with the
commissioner. Stockholders of the banks are not eligible as bondsmen for the officers.