N.D. Admin Code 13-02-13-01 - Consolidation or merger
Any two or more banking institutions may consolidate or merge upon making application and subject to approval by the state banking board. An application to consolidate or merge is not required when a state-chartered banking institution is not the survivor. A banking institution proposing to purchase assets and assume the liabilities of another banking institution must be considered a consolidation or merger and subject to an application under this chapter.
Notes
General Authority: NDCC 6-01-04, 6-03-11
Law Implemented: NDCC 6-03-11
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