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Can you summarize NDCC Section 6-05-15.3?
Annuity, Safe Deposit, Surety, and Trust Companies > Deposit of trust funds awaiting investment or distribution in affiliates.
Short Summary
A bank or trust company qualified to and acting as fiduciary or cofiduciary in this state may deposit trust funds awaiting investment or distribution in a bank, including, without limitation, a bank that owns or controls, or that is owned or controlled by a corporation that owns or controls, the bank or trust company.
Jurisdiction
North Dakota