N.D. Admin Code 13-02-13-04 - Criteria for state banking board consideration for approval
When deciding whether to approve an application to consolidate or merge, the board shall examine and consider all relevant factors including:
When a hearing has not been conducted and the board denies the application to consolidate or merge, the applicant may, within fifteen days after receipt of disapproval, petition the board for a hearing. Unless the board determines that the application to consolidate or merge is frivolous or incomplete, the petition for hearing must be granted. After the hearing is conducted, the board shall issue an order to approve or disapprove the application on the basis of the record made at the hearing.
Notes
General Authority: NDCC 6-01-04, 6-03-11
Law Implemented: NDCC 6-03-11
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