North Dakota Statutes
§ 6-06-33 — Liquidation by the commissioner
If the commissioner finds that a credit union is insolvent when the commissioner receives
notice of its intention to dissolve, or if a credit union in the process of voluntary dissolution is not
liquidated completely and its assets distributed within three years after the special meeting at
which the dissolution was voted, the commissioner shall take possession of the books, records,
and assets of the union and proceed to complete the liquidation in the manner provided in this
title for the liquidation of closed banks.
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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