N.D. Cent. Code § 6-03-63
This is the official text of N.D. Cent. Code § 6-03-63, 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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6-03-63. Interest on deposits - Rates payable - Penalty
Official statutory text
6-03-63. Interest on deposits - Rates payable - Penalty
No state banking association may pay interest on deposits, directly or indirectly, at rates
greater than authorized by the state banking board. The board's authorization of interest rates is
not subject to the public notice and public hearing requirements of chapter 28-32. Any officer,
director, or employee of any association violating the provisions of this section, directly or
indirectly, is guilty of a class B misdemeanor.
No state banking association may pay interest on deposits, directly or indirectly, at rates
greater than authorized by the state banking board. The board's authorization of interest rates is
not subject to the public notice and public hearing requirements of chapter 28-32. Any officer,
director, or employee of any association violating the provisions of this section, directly or
indirectly, is guilty of a class B misdemeanor.
Status: in_force · Read it on the official government site
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