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North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 6-07.2-06: Sale of assets - Assumptions of deposit liabilities by new institution

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Where this section sits in the code
  1. Title 6 Banks And Banking
  2. Chapter 6-07.2 Dissolution, Insolvency, Suspension, Receivership, And Liquidation

The receiver may sell all or any part of the institution's assets to one or more other state or federally chartered depository institution or to a federal deposit insurance agency in the receiver's corporate capacity. The receiver may also borrow from a federal deposit insurance agency an amount necessary to facilitate the assumption of deposit liabilities by a newly chartered or existing state or federally chartered depository institution, assigning any part or all of the assets of the institution as security for the loan.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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