N.D. Cent. Code § 6-05-28
This is the official text of N.D. Cent. Code § 6-05-28, 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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6-05-28. Examination by commissioner - Fees - Power over business, officers, and employees
Official statutory text
6-05-28. Examination by commissioner - Fees - Power over business, officers, and
employees.
The commissioner shall make a full, true, complete, and accurate examination and
investigation of the affairs of each corporation doing business under this chapter as often as the
commissioner deems necessary. Such examination may be made without previous notice to the
corporation to be examined. Fees for such examinations must be charged by the department of
financial institutions at an hourly rate to be set by the commissioner, sufficient to cover all
reasonable expenses of the department associated with the examinations provided for by this
section. Fees must be paid to the department of financial institutions and deposited in the
financial institutions regulatory fund. The commissioner, in the commissioner's discretion, may
accept, in lieu of any examination authorized or required by this title to be conducted by the
department of financial institutions, the examination that may have been made of such
institution within a reasonable period by the federal reserve bank or federal deposit insurance
corporation, if a copy of such examination is furnished to the commissioner. The commissioner
shall assume and exercise over each such corporation and its business, officers, directors, and
employees all the power and authority conferred upon the commissioner over financial or
moneyed corporations or associations.
employees.
The commissioner shall make a full, true, complete, and accurate examination and
investigation of the affairs of each corporation doing business under this chapter as often as the
commissioner deems necessary. Such examination may be made without previous notice to the
corporation to be examined. Fees for such examinations must be charged by the department of
financial institutions at an hourly rate to be set by the commissioner, sufficient to cover all
reasonable expenses of the department associated with the examinations provided for by this
section. Fees must be paid to the department of financial institutions and deposited in the
financial institutions regulatory fund. The commissioner, in the commissioner's discretion, may
accept, in lieu of any examination authorized or required by this title to be conducted by the
department of financial institutions, the examination that may have been made of such
institution within a reasonable period by the federal reserve bank or federal deposit insurance
corporation, if a copy of such examination is furnished to the commissioner. The commissioner
shall assume and exercise over each such corporation and its business, officers, directors, and
employees all the power and authority conferred upon the commissioner over financial or
moneyed corporations or associations.
Status: in_force · Read it on the official government site
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