North Dakota Administrative Code
Title 13 - Department of Financial Institutions
Article 13-03 - Credit Unions
Chapter 13-03-04 - Investment in an Office Building, Furniture, and Fixtures - Application to the State Credit Union Board
Section 13-03-04-03 - Application to board to invest in building - Requirements
Universal Citation: ND Admin Code ยง 13-03-04-03
Current through Supplement No. 392, April, 2024
When applying to the state credit union board for permission to invest in a building which exceeds the limit established in section 13-03-04-01, the following procedures will be followed:
1. The secretary of the credit union will certify compliance with the provisions of section 13-03-04-02.
2. The treasurer will certify the amount to be invested. The credit union, by letter, will make a special request of the state credit union board and state the amount, and the percentage of assets and net worth they desire to invest in the lot, building, furniture, fixtures, and equipment.
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-06-06
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