N.D. Cent. Code § 6-05.2-04
This is the official text of N.D. Cent. Code § 6-05.2-04, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
6-05.2-04. Audit of trust activities
Official statutory text
6-05.2-04. Audit of trust activities
A committee of directors, exclusive of any active officers of the bank, must, at least once
during each calendar year and within fifteen months of the last audit, make suitable audits of the
trust activities or cause suitable audits to be made by auditors responsible to the board of
directors, and must ascertain whether the trust activities have been administered in accordance
with law and sound fiduciary principles. The board of directors may, instead of the periodic audit,
adopt an adequate continuous audit system. A report of the audits and examination required
under this section, together with any action taken, must be noted in the minutes of the board of
directors.
A committee of directors, exclusive of any active officers of the bank, must, at least once
during each calendar year and within fifteen months of the last audit, make suitable audits of the
trust activities or cause suitable audits to be made by auditors responsible to the board of
directors, and must ascertain whether the trust activities have been administered in accordance
with law and sound fiduciary principles. The board of directors may, instead of the periodic audit,
adopt an adequate continuous audit system. A report of the audits and examination required
under this section, together with any action taken, must be noted in the minutes of the board of
directors.
Status: in_force · Read it on the official government site
Need a lawyer in North Dakota?
Find a North Dakota lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.