North Dakota § 6-05-27 Commissioner to order increase in security deposit - When

North Dakota Statutes

§ 6-05-27 — Commissioner to order increase in security deposit - When

North Dakota § 6-05-27

Title 6Banks and Banking

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

This text of North Dakota § 6-05-27 (Commissioner to order increase in security deposit - When) 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 § 6-05-27 (2026).

Text

Whenever it appears to the commissioner, from an examination of the business of any such
corporation, that the deposit made by it, as hereinbefore required, is insufficient to insure the
safety of its deposit, trust, and contingent liabilities, the commissioner shall make an order, as
hereinafter provided, requiring an increase of such deposit. Such company immediately upon
receipt of such order shall deposit with the commissioner, or a designated agent, other and

further securities of the kind, class, and value designated in section 6-05-04 in an amount
sufficient to comply with said order.

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Whenever it appears to the commissioner, from an examination of the business of any such
corporation, that the deposit made by it, as hereinbefore required, is insufficient to insure the
safety of its deposit, trust, and contingent liabilities, the commissioner shall make an order, as
hereinafter provided, requiring an increase of such deposit. Such company immediately upon
receipt of such order shall deposit with the commissioner, or a designated agent, other and

further securities of the kind, class, and value designated in section 6-05-04 in an amount
sufficient to comply with said order.