{"data":{"id":"us-nd/n.d.-cent.-code-6-03-14.2","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 6-03-14.2","heading":"Subsidiary depository institutions as agents","body":"Any bank subsidiary of a bank holding company may receive deposits, renew time deposits, close loans, service loans, and receive payments on loans and any other obligations as an agent for a depository institution affiliate, subject to any requirements established by the board by rule. Notwithstanding any other law, a bank acting as an agent under this section may not be considered to be a branch of the affiliate. However, a depository institution may not conduct any activity as an agent that it is prohibited from conducting as a principal under any federal or state law.","path":["Title 6 Banks And Banking","Chapter 6-03 Powers, Management, And Operation Of Banks"],"source_url":"https://ndlegis.gov/cencode/t06c03.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"c0768f73267ccb0f5415ff3c27a48c91554dbb01fc283fd6d14280a37f6acd4f","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-6-03-14.1","next":"us-nd/n.d.-cent.-code-6-03-15"},"notice":"GroundRules: Original legal text. Not legal advice."}