N.D. Cent. Code § 6-05-03
This is the official text of N.D. Cent. Code § 6-05-03, 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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6-05-03. Capital required
Official statutory text
6-05-03. Capital required
The amount of capital of any such corporation may not be less than one million dollars, with
no less than five hundred thousand dollars of that amount in liquid assets. The state banking
board may require such additional capital, surplus, and undivided profits as it may determine
necessary to properly serve the area and to protect the public interests. The state banking
board shall take into consideration peer group ratios, or federal standards and guidelines, when
determining whether any additional capital is required.
The amount of capital of any such corporation may not be less than one million dollars, with
no less than five hundred thousand dollars of that amount in liquid assets. The state banking
board may require such additional capital, surplus, and undivided profits as it may determine
necessary to properly serve the area and to protect the public interests. The state banking
board shall take into consideration peer group ratios, or federal standards and guidelines, when
determining whether any additional capital is required.
Status: in_force · Read it on the official government site
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