N.D. Cent. Code § 6-05.2-07
This is the official text of N.D. Cent. Code § 6-05.2-07, 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.
6-05.2-07. Custody of investments
Official statutory text
6-05.2-07. Custody of investments
1. The investment of each account must be kept separate from the assets of the banking
institution and must be placed in the joint custody or control of not less than two of the
officers or employees of the banking institution designated for that purpose by the
board of directors or by one or more officers designated by the board. The banking
institution may permit the investments of a fiduciary account to be deposited
elsewhere.
2. Except for commingled investments, the investments of each account must be kept
separate from those of all other accounts or adequately identified as the property of
the relevant account.
1. The investment of each account must be kept separate from the assets of the banking
institution and must be placed in the joint custody or control of not less than two of the
officers or employees of the banking institution designated for that purpose by the
board of directors or by one or more officers designated by the board. The banking
institution may permit the investments of a fiduciary account to be deposited
elsewhere.
2. Except for commingled investments, the investments of each account must be kept
separate from those of all other accounts or adequately identified as the property of
the relevant account.
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.