North Dakota Statutes
§ 6-05-03 — Capital required
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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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