N.D. Cent. Code § 6-03-35
This is the official text of N.D. Cent. Code § 6-03-35, 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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6-03-35. Surplus fund exempt from taxation
Official statutory text
6-03-35. Surplus fund exempt from taxation
The surplus fund of any association organized under this title, in an amount not exceeding
one hundred percent of its capital stock, is exempt from taxation and must not be taken into
account in determining the taxable value of the shares of stock of the association.
The surplus fund of any association organized under this title, in an amount not exceeding
one hundred percent of its capital stock, is exempt from taxation and must not be taken into
account in determining the taxable value of the shares of stock of the association.
Status: in_force · Read it on the official government site
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