N.D. Cent. Code § 6-05.1-03
This is the official text of N.D. Cent. Code § 6-05.1-03, 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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6-05.1-03. Permissible business of subsidiary trust companies
Official statutory text
6-05.1-03. Permissible business of subsidiary trust companies
The permissible business of a subsidiary trust company is to engage in such trust business
as may be engaged in by a trust company pursuant to section 6-05-08. A subsidiary trust
company may not exercise any of the powers provided in subsection 7 of section 6-03-02, nor
conduct commercial banking business, but may maintain deposits of funds of fiduciary accounts
not currently invested.
The permissible business of a subsidiary trust company is to engage in such trust business
as may be engaged in by a trust company pursuant to section 6-05-08. A subsidiary trust
company may not exercise any of the powers provided in subsection 7 of section 6-03-02, nor
conduct commercial banking business, but may maintain deposits of funds of fiduciary accounts
not currently invested.
Status: in_force · Read it on the official government site
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