Preferred stock included in capital - Reduction of common stock
N.D. Cent. Code § 6-03-44
in effect6-03-44. Preferred stock included in capital - Reduction of common stock
The preferred stock lawfully issued by a banking institution must be included in determining
whether such banking institution has complied with the minimum capital stock requirements
provided in this title. Such preferred stock may be used in the capital structure of such institution
in the reduction of the common stock or in addition thereto. This section may not be construed
as in any manner decreasing the amount of capital required of an institution under the laws of
this state.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c03.pdf#nameddest=6-03-44Fetched: 10/16/2026