Unlawful rediscounts, borrowings, and pledgings

N.D. Cent. Code § 6-03-58
in effect
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6-03-58. Unlawful rediscounts, borrowings, and pledgings It is unlawful for any state banking association, either directly or indirectly, to make any rediscount or contract to borrow money, nor may it borrow money, nor pledge or hypothecate, nor contract to pledge or hypothecate, any of its assets except in accordance with the provisions of this chapter.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c03.pdf#nameddest=6-03-58Fetched: 10/16/2026

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