Can you summarize NDCC Section 6-09-34?

Short Summary

The Bank of North Dakota may establish, under such rules and regulations as adopted by the industrial commission, a system to provide fund transfer services to its customers and to the customers of state-chartered and federally chartered banks located within the state of North Dakota, and to other financial institutions otherwise authorized to utilize the services of electronic fund transfer systems, to acquire such equipment as is necessary to establish electronic fund transfer systems, and to make such reasonable charges for services rendered to other banks hereunder as may be established by the industrial commission.

Jurisdiction

North Dakota

Source

NDCC Section 6-09-34 [https://reggi.cloud.regology.com/regulations/US-NDCC/US-NDCC_T_6_C_09_S_6_09_34]

• Banking