Deposit of trust funds awaiting investment or distribution in affiliates

N.D. Cent. Code § 6-05-15.3
in effect
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6-05-15.3. Deposit of trust funds awaiting investment or distribution in affiliates A bank or trust company qualified to and acting as fiduciary or cofiduciary in this state may deposit trust funds awaiting investment or distribution in a bank, including, without limitation, a bank that owns or controls, or that is owned or controlled by a corporation that owns or controls, the bank or trust company.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c05.pdf#nameddest=6-05-15p3Fetched: 10/16/2026

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