North Dakota § 6-05-03 Capital required

North Dakota Statutes

§ 6-05-03 — Capital required

North Dakota § 6-05-03

Title 6Banks and Banking

Ch. 6-05Annuity, Safe Deposit, Surety, and Trust Companies

This text of North Dakota § 6-05-03 (Capital required) 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 § 6-05-03 (2026).

Text

The amount of capital of any such corporation may not be less than one million dollars, with
no less than five hundred thousand dollars of that amount in liquid assets. The state banking
board may require such additional capital, surplus, and undivided profits as it may determine
necessary to properly serve the area and to protect the public interests. The state banking
board shall take into consideration peer group ratios, or federal standards and guidelines, when
determining whether any additional capital is required.

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The amount of capital of any such corporation may not be less than one million dollars, with
no less than five hundred thousand dollars of that amount in liquid assets. The state banking
board may require such additional capital, surplus, and undivided profits as it may determine
necessary to properly serve the area and to protect the public interests. The state banking
board shall take into consideration peer group ratios, or federal standards and guidelines, when
determining whether any additional capital is required.