North Dakota § 6-05-09 Savings, investment, and trust property - Separate accounts

North Dakota Statutes

§ 6-05-09 — Savings, investment, and trust property - Separate accounts

North Dakota § 6-05-09

Title 6Banks and Banking

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

This text of North Dakota § 6-05-09 (Savings, investment, and trust property - Separate accounts) 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 § 6-05-09 (2026).

Text

Whenever any sum or sums of money, or any real or personal property, has been received
by, deposited with, or conveyed to be held by such a corporation for savings or investment
account, or in trust under any of the provisions of subsection 1, 2, 3, or 4 of section 6-05-08,
such money or property, and all evidences of the investment of the same, and their accretions,
must be kept by such corporation separate and apart and readily identified from similar property
of its own or of other persons, and the same is not liable for any debt or claim against the
corporation, except for debts or claims accruing to and in favor of the person or persons making
such deposits or creating such trusts, or the beneficiaries thereunder.

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Whenever any sum or sums of money, or any real or personal property, has been received
by, deposited with, or conveyed to be held by such a corporation for savings or investment
account, or in trust under any of the provisions of subsection 1, 2, 3, or 4 of section 6-05-08,
such money or property, and all evidences of the investment of the same, and their accretions,
must be kept by such corporation separate and apart and readily identified from similar property
of its own or of other persons, and the same is not liable for any debt or claim against the
corporation, except for debts or claims accruing to and in favor of the person or persons making
such deposits or creating such trusts, or the beneficiaries thereunder.