North Dakota § 6-08-30 Limitation on control of deposits

North Dakota Statutes

§ 6-08-30 — Limitation on control of deposits

North Dakota § 6-08-30

Title 6Banks and Banking

Ch. 6-08General Provisions

This text of North Dakota § 6-08-30 (Limitation on control of deposits) 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 § 6-08-30 (2026).

Text

No financial institution or financial institution holding company may acquire direct or indirect
ownership or control of more than twenty-five percent of North Dakota deposits through the
direct or indirect acquisition of an interest in, ownership of, or control over another financial
institution in this state. No financial institution or financial institution holding company may
purchase the assets and assume the liabilities of a banking house or facility of any financial
institution located in this state if the consummation of the acquisition results in the acquiring
financial institution or financial institution holding company having direct or indirect interest in,
ownership of, or control over more than twenty-five percent of North Dakota deposits. No
financial institution may establi

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No financial institution or financial institution holding company may acquire direct or indirect
ownership or control of more than twenty-five percent of North Dakota deposits through the
direct or indirect acquisition of an interest in, ownership of, or control over another financial
institution in this state. No financial institution or financial institution holding company may
purchase the assets and assume the liabilities of a banking house or facility of any financial
institution located in this state if the consummation of the acquisition results in the acquiring
financial institution or financial institution holding company having direct or indirect interest in,
ownership of, or control over more than twenty-five percent of North Dakota deposits. No
financial institution may establish a facility outside the corporate city limits of the location of the
main banking house or any authorized facility if the financial institution or its financial institution
holding company has a direct or indirect interest in, ownership of, or control over more than
twenty-five percent of North Dakota deposits. For purposes of this chapter, "North Dakota
deposits" means North Dakota deposits as that term is defined in section 6-08.3-01.