Permissible business of subsidiary trust companies

N.D. Cent. Code § 6-05.1-03
in effect
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6-05.1-03. Permissible business of subsidiary trust companies The permissible business of a subsidiary trust company is to engage in such trust business as may be engaged in by a trust company pursuant to section 6-05-08. A subsidiary trust company may not exercise any of the powers provided in subsection 7 of section 6-03-02, nor conduct commercial banking business, but may maintain deposits of funds of fiduciary accounts not currently invested.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c05-1.pdf#nameddest=6-05p1-03Fetched: 10/16/2026

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