Bonds of officers and employees
N.D. Cent. Code § 6-05-11.1
in effect6-05-11.1. Bonds of officers and employees
An officer or employee of any trust company, before entering upon the person's duties, shall
furnish a bond to the trust company in the sum and upon the conditions as required by the
board of directors in keeping with rules adopted by the state banking board. All bonds must be
approved by the board of directors of the trust company and are subject to the approval of the
commissioner. A record of the approval of the bonds by the board of directors of the trust
company must be made on the records of the trust company and the bonds must be filed with
the commissioner. Stockholders of the trust company are not eligible as bondsmen for the
officers or employees.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c05.pdf#nameddest=6-05-11p1Fetched: 10/16/2026