North Dakota Administrative Code
Title 13 - Department of Financial Institutions
Article 13-03 - Credit Unions
Chapter 13-03-22 - Investment Activities
Section 13-03-22-08 - Discretionary control over investments
Universal Citation: ND Admin Code ยง 13-03-22-08
Current through Supplement No. 392, April, 2024
A credit union must retain discretionary control over its purchase and sale of investments. A credit union has not delegated discretionary control to an investment adviser when the credit union reviews all recommendations from investment advisers and is required to authorize a recommended purchase or sale transaction before its execution.
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-06-06
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