Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can you summarize NDCC Section 6-09-11?

The Bank of North Dakota > Bank a clearinghouse.

Short Summary

For banks that make the Bank of North Dakota a reserve depositary, it may perform the functions and render the services of a clearinghouse, including all facilities for providing domestic and foreign exchange, and may rediscount paper, on such terms as the industrial commission shall provide.

Jurisdiction

North Dakota

Source
NDCC Section 6-09-11 [https://reggi.cloud.regology.com/regulations/US-NDCC/US-NDCC_T_6_C_09_S_6_09_11]