Custody of investments
N.D. Cent. Code § 6-05.2-07
in effect6-05.2-07. Custody of investments
1. The investment of each account must be kept separate from the assets of the banking
institution and must be placed in the joint custody or control of not less than two of the
officers or employees of the banking institution designated for that purpose by the
board of directors or by one or more officers designated by the board. The banking
institution may permit the investments of a fiduciary account to be deposited
elsewhere.
2. Except for commingled investments, the investments of each account must be kept
separate from those of all other accounts or adequately identified as the property of
the relevant account.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c05-2.pdf#nameddest=6-05p2-07Fetched: 10/16/2026