Divestiture - Cease and desist
N.D. Cent. Code § 6-08.3-07
in effect6-08.3-07. Divestiture - Cease and desist
1. If a reciprocating state bank holding company makes an acquisition other than in full
compliance with the requirements and procedures of this chapter, the board may, by
order:
a. Immediately require the reciprocating state bank holding company to divest itself
of its direct or indirect ownership or control of any bank located in this state; or
b. Require the reciprocating state bank holding company to cease and desist the
violations by a certain date.
2. The order is subject to the procedures applicable to cease and desist proceedings
under section 6-01-04.2 and any applicable rules.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c08-3.pdf#nameddest=6-08p3-07Fetched: 10/16/2026