Pledge - Ratio to assets

N.D. Cent. Code § 6-03-54
in effect
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6-03-54. Pledge - Ratio to assets It is unlawful for any state banking association to pledge or hypothecate more than one and one-half dollars of the face value of any of its assets for each one dollar of money borrowed, except with written authority from the commissioner.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c03.pdf#nameddest=6-03-54Fetched: 10/16/2026

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