N.D. Cent. Code § 6-08.2-06
This is the official text of N.D. Cent. Code § 6-08.2-06, 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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6-08.2-06. Limitations
Official statutory text
6-08.2-06. Limitations
1. The authority granted by this chapter does not authorize the acquiring entity to resell,
reassign, merge, or transfer stock or assets of any state or national bank or bank
holding company acquired under this chapter except as permitted under the laws of
this state.
2. This chapter does not limit or restrict the rights of a charitable trust to sell, assign,
merge, or transfer the stock or assets of any state or national bank or bank holding
company owned directly or indirectly by the charitable trust under the provisions of any
existing or hereafter adopted state or federal law or regulation.
3. This chapter does not permit the sale, assignment, merger, or transfer by a charitable
trust that directly or indirectly owns banks in Minnesota as well as in North Dakota of
the stock or assets of any state or national bank or bank holding company located in
this state if the sale, assignment, merger, or transfer by the charitable trust would be
prohibited under the laws of Minnesota.
1. The authority granted by this chapter does not authorize the acquiring entity to resell,
reassign, merge, or transfer stock or assets of any state or national bank or bank
holding company acquired under this chapter except as permitted under the laws of
this state.
2. This chapter does not limit or restrict the rights of a charitable trust to sell, assign,
merge, or transfer the stock or assets of any state or national bank or bank holding
company owned directly or indirectly by the charitable trust under the provisions of any
existing or hereafter adopted state or federal law or regulation.
3. This chapter does not permit the sale, assignment, merger, or transfer by a charitable
trust that directly or indirectly owns banks in Minnesota as well as in North Dakota of
the stock or assets of any state or national bank or bank holding company located in
this state if the sale, assignment, merger, or transfer by the charitable trust would be
prohibited under the laws of Minnesota.
Status: in_force · Read it on the official government site
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