N.D. Cent. Code § 6-06-40
This is the official text of N.D. Cent. Code § 6-06-40, 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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6-06-40. Share insurance exception
Official statutory text
6-06-40. Share insurance exception
A central credit union with corporate shareholdings equal to or in excess of seventy-five
percent of its total assets may by vote of its board of directors elect exemption of insurance of
share and deposit accounts under provisions of title II of the Federal Credit Union Act.
A central credit union with corporate shareholdings equal to or in excess of seventy-five
percent of its total assets may by vote of its board of directors elect exemption of insurance of
share and deposit accounts under provisions of title II of the Federal Credit Union Act.
Status: in_force · Read it on the official government site
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