Issuance of certificates of deposit - Penalty
N.D. Cent. Code § 6-06-06.1
in effect6-06-06.1. Issuance of certificates of deposit - Penalty
Certificates of deposit, as defined in section 41-03-04, may only be issued in this state by
credit unions authorized to issue certificates of deposit, and which are organized to do business
in this state under this chapter or under the Federal Credit Union Act, and whose accounts are
insured by the national credit union administration, except that the requirement for insurance of
accounts for any "corporate central credit union" or "central credit union" may be waived under
section 6-06-40, or as authorized under section 6-03-02.2. Any person violating this section is
subject to a civil penalty not to exceed five thousand dollars.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c06.pdf#nameddest=6-06-06p1Fetched: 10/16/2026