N.D. Cent. Code § 6-07.1-09
This is the official text of N.D. Cent. Code § 6-07.1-09, 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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6-07.1-09. Depositories
Official statutory text
6-07.1-09. Depositories
The receiver may deposit funds collected on behalf of the state trust company estate in the
Bank of North Dakota or one or more depository institutions in this state. If receivership funds
deposited in an account at a depository institution exceed the maximum insured amount, the
receiver shall require the excess deposit to be adequately secured through pledge of securities
or otherwise, without approval of the court.
The receiver may deposit funds collected on behalf of the state trust company estate in the
Bank of North Dakota or one or more depository institutions in this state. If receivership funds
deposited in an account at a depository institution exceed the maximum insured amount, the
receiver shall require the excess deposit to be adequately secured through pledge of securities
or otherwise, without approval of the court.
Status: in_force · Read it on the official government site
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