Contents of agreement of association
N.D. Cent. Code § 6-06.2-04
in effect6-06.2-04. Contents of agreement of association
1. Before the formation of a cooperative financial institution under this chapter, the
originating members of the proposed cooperative financial institution shall execute a
written agreement of association to form a cooperative financial institution. The written
agreement of association must identify and comply with the capital structure required
by the state banking board and must specifically state:
a. That the originating members of the cooperative financial institution intend to
associate themselves with the intention of forming a cooperative financial
institution;
b. The name of the cooperative financial institution;
c. The location of the principal office of the cooperative financial institution;
d. The purposes for which the cooperative financial institution is formed and the
nature of the business the cooperative financial institution is to conduct; and
e. The names and addresses of each originating member of the financial institution.
2. Each originating member shall subscribe to the agreement of association before
submission to the state banking board.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c06-2.pdf#nameddest=6-06p2-04Fetched: 10/16/2026