N.D. Cent. Code § 6-05-09
This is the official text of N.D. Cent. Code § 6-05-09, 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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6-05-09. Savings, investment, and trust property - Separate accounts
Official statutory text
6-05-09. Savings, investment, and trust property - Separate accounts
Whenever any sum or sums of money, or any real or personal property, has been received
by, deposited with, or conveyed to be held by such a corporation for savings or investment
account, or in trust under any of the provisions of subsection 1, 2, 3, or 4 of section 6-05-08,
such money or property, and all evidences of the investment of the same, and their accretions,
must be kept by such corporation separate and apart and readily identified from similar property
of its own or of other persons, and the same is not liable for any debt or claim against the
corporation, except for debts or claims accruing to and in favor of the person or persons making
such deposits or creating such trusts, or the beneficiaries thereunder.
Whenever any sum or sums of money, or any real or personal property, has been received
by, deposited with, or conveyed to be held by such a corporation for savings or investment
account, or in trust under any of the provisions of subsection 1, 2, 3, or 4 of section 6-05-08,
such money or property, and all evidences of the investment of the same, and their accretions,
must be kept by such corporation separate and apart and readily identified from similar property
of its own or of other persons, and the same is not liable for any debt or claim against the
corporation, except for debts or claims accruing to and in favor of the person or persons making
such deposits or creating such trusts, or the beneficiaries thereunder.
Status: in_force · Read it on the official government site
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