The provided legal document content governs the establishment, operation, and regulation of annuity, safe deposit, surety, and trust companies in North Dakota. It outlines the requirements for forming a corporation for these purposes, including the minimum number of individuals required and the residency requirement. The document also discusses the role of the Board in examining and granting permission to organize such institutions. Additionally, it covers the authorization for banking associations to exercise fiduciary powers and the continued operation of corporations engaged in fidelity insurance and corporate suretyship.

This legal document governs the administration of fiduciary powers by banking institutions. It outlines the responsibilities of the board of directors in exercising fiduciary powers, including the determination of policies, investment and disposition of property held in a fiduciary capacity, and the direction and review of actions taken by officers, employees, and committees involved in fiduciary activities. The document also requires prior approval for accepting fiduciary accounts and the maintenance of written records for all acceptances and closures of fiduciary accounts.

The provided legal document content covers various aspects of credit unions in North Dakota. It outlines the process for establishing a credit union, including the execution of a certificate of organization and proposed bylaws, as well as the requirement to apply for and maintain national credit union administration insurance. The document also governs the amendment of the certificate of organization and bylaws, specifying the approval process and filing requirements. It prohibits the use of certain terms in credit union names or titles, with exemptions for the North Dakota credit union league and its affiliates.

This legal document governs the voluntary liquidation of credit unions. It states that a credit union may go into voluntary liquidation with the approval of a majority of its members. The approval can be obtained either in writing or through a vote at a regular or special meeting of the members. If approval is not obtained at the meeting, a majority of members can sign a statement requesting the dissolution of the credit union.

The legal document reviewed governs various aspects of banking institutions and associations in North Dakota. It requires banks to be numbered and receive an official number from the secretary of state. Officers of state banking associations or trust companies must take an oath before assuming office. Domestic banks are taxed on the same basis as national banks to ensure parity and equality in taxation. Banking associations in the state are exempt from legal process of attachment and execution.

This legal document governs the disclosure of customer information by financial institutions in North Dakota. It applies to financial institutions, officers, employees, agents, financial institution regulatory agencies, customer reporting agencies, industrial commission, governmental agencies, law enforcement agencies, licensees, agriculture commissioner, financial institutions or other entities under common control, and the disciplinary board of the North Dakota supreme court or another state’s authority with responsibility for enforcing rules of professional conduct for lawyers.

The provided legal document content pertains to the sale of banking institutions owned by charitable trusts. It states that prior to any acquisition, the acquiring entity must present a plan to the state department of financial institutions, committing to capitalize each bank according to applicable banking laws and federal deposit insurance requirements. The document also outlines the requirements for bank holding companies owned by charitable trusts when selling or transferring stock, including the obligation to communicate with and offer to purchase the stock of minority stockholders.

The legal documents reviewed pertain to The Bank of North Dakota and cover various aspects of its operations and functions. The Bank is authorized to engage in the business of banking and maintain a system of banking owned and operated by the state. It has the power to make, purchase, guarantee, or hold loans to various entities, including lending agencies, financial institutions, farmers, individuals, bank holding companies, and nonprofit organizations. The documents also establish loan funds for specific purposes, such as providing loans to beginning farmers, supporting higher education savings plans, and funding infrastructure projects.

The provided legal document content pertains to oil and gas development loans in the state of North Dakota. The document defines key terms such as ‘developer’ and ‘oil and gas development’. It establishes a program through the Bank of North Dakota for participating in loans made by North Dakota financial institutions for oil and gas development projects. The Bank’s total participation in any one loan is limited to one hundred thousand dollars.

The legal document governs the Partnership in Assisting Community Expansion in North Dakota. It applies to communities and new or expanding businesses. The document establishes a partnership in assisting community expansion fund, which is a revolving fund used to buy down the interest rate on loans made by a lead financial institution in participation with the Bank of North Dakota. The Bank of North Dakota administers the fund, and the moneys in the fund must be used for eligible uses such as the purchase of real property and equipment, expansion of facilities, working capital, and inventory.