Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance

Can you summarize NDCC Section 6-09-10?

The Bank of North Dakota > Guaranty of deposits - Exemption from all taxation.

October 3, 2023

Short Summary

All deposits in the Bank of North Dakota are guaranteed by the state. Such deposits are exempt from state, county, and municipal taxes of any and all kinds.

Jurisdiction

North Dakota

Source

NDCC Section 6-09-10 [https://reggi.cloud.regology.com/regulations/US-NDCC/US-NDCC_T_6_C_09_S_6_09_10]

Banking

Disclaimer:

This content has been generated through Regology’s AI platform, Reggi, leveraging Regology’s Smart Law Library and Regology’s legal technical capabilities such as causal citations, root context, decomposition of authoritative documents, and curated law library topics. The information provided here is intended for informational purposes only and should not be regarded as a replacement for professional guidance. The content on this website is offered without any warranties, whether explicit or implied. It is recommended to verify the information and seek advice from appropriate experts or professionals in specific fields as required.