GroundRules
N.D. Cent. Code § 6-03-54: Pledge - Ratio to assets
Where this section sits in the code
- Title 6 Banks And Banking
- Chapter 6-03 Powers, Management, And Operation Of Banks
It is unlawful for any state banking association to pledge or hypothecate more than one and one-half dollars of the face value of any of its assets for each one dollar of money borrowed, except with written authority from the commissioner.
Collected 2026-09-02T21:04:14Z. Source file · JSON