{"data":{"id":"us-nd/n.d.-cent.-code-6-03-59","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 6-03-59","heading":"Loan limitation to one borrower or concern","body":"The total direct, indirect, or contingent liability of any borrower to any state banking association shall not exceed at any time twenty-five percent of the association's tier 1 capital as of the most recent report of condition and income. For the purpose of this section, the total liability of a borrower includes the liabilities of any separate borrowers for which the repayment of separate loans or extensions of credit is substantially from the same source and any credit exposure to a borrower arising from a derivative transaction, repurchase agreement, reverse repurchase agreement, securities lending transaction, or securities borrowing transaction between the state banking association and the borrower.","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":"a5a9e87482d741cf22d2f454642d8e309a8a59d4aa7353c44601954daeaf5a77","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-6-03-58","next":"us-nd/n.d.-cent.-code-6-03-59.1"},"notice":"GroundRules: Original legal text. Not legal advice."}