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Can you summarize NDCC Chapter 6-14?
Banks and Banking > Unauthorized Use of Name or Logo
Short Summary
The provided legal document governs the unauthorized use of the name or logo of banks, trust companies, savings associations, savings banks, or affiliates of such financial institutions. It prohibits any person from using the name or logo of these entities in connection with the sale, distribution, offer for sale, advertisement, or promotion of any product or service without obtaining written consent. Additionally, the document prohibits the use of the name or logo in a manner that may mislead individuals about the source, affiliation, sponsorship, or true identity of a product, service, or communication. Violators of this chapter are subject to civil liability, with penalties amounting to one thousand dollars or actual damages, whichever is greater, plus reasonable attorney’s fees. Willful violations of this chapter are considered a class B misdemeanor. The document does not mention any specific exemptions.
Whom does it apply to?
Any person who uses the name or logo of a bank, trust company, savings association, or savings bank, or of an affiliate of such financial institution, in connection with the sale, distribution, offer for sale, advertisement, or promotion of any product or service.
What does it govern?
Unauthorized Use of Name or Logo
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
A person that violates this chapter is civilly liable to the bank, trust company, savings association, savings bank, or affiliate for each unlawful use of a name or logo in the amount of one thousand dollars or actual damages, whichever is greater, plus reasonable attorney's fees. A person that willfully violates this chapter is guilty of a class B misdemeanor.
Jurisdiction
North Dakota