N.D. Cent. Code § 6-03-13.6
This is the official text of N.D. Cent. Code § 6-03-13.6, 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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6-03-13.6. Branch conversions
Official statutory text
6-03-13.6. Branch conversions
Notwithstanding section 6-03-13.1, any bank organized under chapter 6-02, any national
bank doing business in this state, or any bank established in this state by any bank holding
company doing business in this state as of January 1, 1995, may convert a branch of a federal
savings and loan association located in this state which was in existence as of March 1, 1995,
purchased by the bank between January 1, 1995, and August 1, 1996, into a facility of the bank
to be maintained at the same branch location if the acquisition and conversion does not violate
the deposit limitations provisions contained in sections 6-08-30 and 6-08.3-03.1 and the
acquisition and conversion of the branch is approved by the appropriate regulatory agencies.
Notwithstanding section 6-03-13.1, any bank organized under chapter 6-02, any national
bank doing business in this state, or any bank established in this state by any bank holding
company doing business in this state as of January 1, 1995, may convert a branch of a federal
savings and loan association located in this state which was in existence as of March 1, 1995,
purchased by the bank between January 1, 1995, and August 1, 1996, into a facility of the bank
to be maintained at the same branch location if the acquisition and conversion does not violate
the deposit limitations provisions contained in sections 6-08-30 and 6-08.3-03.1 and the
acquisition and conversion of the branch is approved by the appropriate regulatory agencies.
Status: in_force · Read it on the official government site
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