N.D. Cent. Code § 6-03-13.3
This is the official text of N.D. Cent. Code § 6-03-13.3, 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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6-03-13.3. Facts considered for approval
Official statutory text
6-03-13.3. Facts considered for approval
1. Whenever any bank desires to maintain and operate a facility separate and apart from
its banking house, pursuant to section 6-03-13.1, or to move a facility previously
established to another location, it shall apply to the commissioner or the comptroller of
the currency, as the case may be, for such authority and provide the commissioner
with such relevant information as the commissioner may reasonably request. In
determining whether to approve the application for such facility, the commissioner shall
take into consideration:
a. The convenience, needs, and welfare of the people of the community and area
served; and
b. The financial strength of the bank in relation to the cost of establishing and
maintaining such separate facility.
2. Upon approval by the commissioner or state banking board of a merger application
under section 6-03-11, the former main office and facilities of the banking institutions
being merged will become facilities of the surviving banking institution and the banking
institution is not required to file an application under this section.
3. If the commissioner's decision with respect to an application is unfavorable, the
applicant bank may appeal the decision to the state banking board by filing a notice of
appeal with the commissioner within twenty days after the commissioner has notified
the applicant bank of the decision.
1. Whenever any bank desires to maintain and operate a facility separate and apart from
its banking house, pursuant to section 6-03-13.1, or to move a facility previously
established to another location, it shall apply to the commissioner or the comptroller of
the currency, as the case may be, for such authority and provide the commissioner
with such relevant information as the commissioner may reasonably request. In
determining whether to approve the application for such facility, the commissioner shall
take into consideration:
a. The convenience, needs, and welfare of the people of the community and area
served; and
b. The financial strength of the bank in relation to the cost of establishing and
maintaining such separate facility.
2. Upon approval by the commissioner or state banking board of a merger application
under section 6-03-11, the former main office and facilities of the banking institutions
being merged will become facilities of the surviving banking institution and the banking
institution is not required to file an application under this section.
3. If the commissioner's decision with respect to an application is unfavorable, the
applicant bank may appeal the decision to the state banking board by filing a notice of
appeal with the commissioner within twenty days after the commissioner has notified
the applicant bank of the decision.
Status: in_force · Read it on the official government site
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