{"data":{"id":"us-nd/n.d.-cent.-code-6-08.3-07","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 6-08.3-07","heading":"Divestiture - Cease and desist","body":"1.If a reciprocating state bank holding company makes an acquisition other than in full compliance with the requirements and procedures of this chapter, the board may, by order:\na.Immediately require the reciprocating state bank holding company to divest itself of its direct or indirect ownership or control of any bank located in this state; or\nb.Require the reciprocating state bank holding company to cease and desist the violations by a certain date.\n2.The order is subject to the procedures applicable to cease and desist proceedings under section 6-01-04.2 and any applicable rules.","path":["Title 6 Banks And Banking","Chapter 6-08.3 Reciprocal Interstate Banking"],"source_url":"https://ndlegis.gov/cencode/t06c08-3.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"3fe7e5d10f8d01c77bff3feca223f503e06e5a3c4e35b67d1ffb020e23b80857","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-6-08.3-06","next":"us-nd/n.d.-cent.-code-6-08.3-08"},"notice":"GroundRules: Original legal text. Not legal advice."}