North Dakota § 6-05-28 Examination by commissioner - Fees - Power over business, officers, and employees

North Dakota Statutes

§ 6-05-28 — Examination by commissioner - Fees - Power over business, officers, and employees

North Dakota § 6-05-28

Title 6Banks and Banking

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

This text of North Dakota § 6-05-28 (Examination by commissioner - Fees - Power over business, 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 § 6-05-28 (2026).

Text

employees.
The commissioner shall make a full, true, complete, and accurate examination and
investigation of the affairs of each corporation doing business under this chapter as often as the
commissioner deems necessary. Such examination may be made without previous notice to the
corporation to be examined. Fees for such examinations must be charged by the department of
financial institutions at an hourly rate to be set by the commissioner, sufficient to cover all
reasonable expenses of the department associated with the examinations provided for by this
section. Fees must be paid to the department of financial institutions and deposited in the
financial institutions regulatory fund. The commissioner, in the commissioner's discretion, may
accept, in lieu of any examination authorized or re

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employees.
The commissioner shall make a full, true, complete, and accurate examination and
investigation of the affairs of each corporation doing business under this chapter as often as the
commissioner deems necessary. Such examination may be made without previous notice to the
corporation to be examined. Fees for such examinations must be charged by the department of
financial institutions at an hourly rate to be set by the commissioner, sufficient to cover all
reasonable expenses of the department associated with the examinations provided for by this
section. Fees must be paid to the department of financial institutions and deposited in the
financial institutions regulatory fund. The commissioner, in the commissioner's discretion, may
accept, in lieu of any examination authorized or required by this title to be conducted by the
department of financial institutions, the examination that may have been made of such
institution within a reasonable period by the federal reserve bank or federal deposit insurance
corporation, if a copy of such examination is furnished to the commissioner. The commissioner
shall assume and exercise over each such corporation and its business, officers, directors, and
employees all the power and authority conferred upon the commissioner over financial or
moneyed corporations or associations.