N.D. Cent. Code § 6-09.13-02
This is the official text of N.D. Cent. Code § 6-09.13-02, 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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6-09.13-02. Loans - Participation by the Bank of North Dakota
Official statutory text
6-09.13-02. Loans - Participation by the Bank of North Dakota
1. The Bank of North Dakota may make available an appropriate amount of funds to
purchase participation interests in loans made by financial institutions for the purposes
as set forth in section 6-09.13-03.
2. The amount of a participation interest purchased by the Bank under this section must
be not less than fifty percent nor more than eighty percent of the loan amount.
3. The Bank shall adopt rules to implement this chapter.
1. The Bank of North Dakota may make available an appropriate amount of funds to
purchase participation interests in loans made by financial institutions for the purposes
as set forth in section 6-09.13-03.
2. The amount of a participation interest purchased by the Bank under this section must
be not less than fifty percent nor more than eighty percent of the loan amount.
3. The Bank shall adopt rules to implement this chapter.
Status: in_force · Read it on the official government site
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