N.D. Cent. Code § 6-01-15
This is the official text of N.D. Cent. Code § 6-01-15, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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6-01-15. Officers and employees to be disinterested
Official statutory text
6-01-15. Officers and employees to be disinterested
1. No officer or employee of this department may have any interest, directly or indirectly,
in any financial corporation or financial institution within the jurisdiction of the
department of financial institutions, nor in any corporation or institution engaged wholly
or in part in the writing or issuing of bonds of or for any such corporation or institution
or any officer or employee thereof. Provided, however, this prohibition does not apply
to membership in a state-chartered credit union or cooperative financial institution.
2. For purposes of this section, "interest" means ownership of or investment in such
corporations or institutions.
1. No officer or employee of this department may have any interest, directly or indirectly,
in any financial corporation or financial institution within the jurisdiction of the
department of financial institutions, nor in any corporation or institution engaged wholly
or in part in the writing or issuing of bonds of or for any such corporation or institution
or any officer or employee thereof. Provided, however, this prohibition does not apply
to membership in a state-chartered credit union or cooperative financial institution.
2. For purposes of this section, "interest" means ownership of or investment in such
corporations or institutions.
Status: in_force · Read it on the official government site
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