N.D. Cent. Code § 6-08-06
This is the official text of N.D. Cent. Code § 6-08-06, 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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6-08-06. Banks exempt from attachment and execution
Official statutory text
6-08-06. Banks exempt from attachment and execution
Every banking association in this state is exempt from the legal process of attachment and
execution. If any bank fails, neglects, or refuses to pay any valid final judgment or decree that
may be rendered against it by any court of competent jurisdiction, not properly stayed by an
appeal bond within the time prescribed by statute or an order of court after rendition thereof, the
state banking board shall declare such bank insolvent or in failing circumstances and forthwith
shall cause a receiver to be appointed to wind up its affairs.
Every banking association in this state is exempt from the legal process of attachment and
execution. If any bank fails, neglects, or refuses to pay any valid final judgment or decree that
may be rendered against it by any court of competent jurisdiction, not properly stayed by an
appeal bond within the time prescribed by statute or an order of court after rendition thereof, the
state banking board shall declare such bank insolvent or in failing circumstances and forthwith
shall cause a receiver to be appointed to wind up its affairs.
Status: in_force · Read it on the official government site
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