Exchange of preferred stock for capital notes or debentures

N.D. Cent. Code § 6-03-46
in effect
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6-03-46. Exchange of preferred stock for capital notes or debentures Any banking institution, after first obtaining the consent and approval of the commissioner, may exchange its preferred stock for its capital notes or debentures.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c03.pdf#nameddest=6-03-46Fetched: 10/16/2026

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