Surplus fund exempt from taxation

N.D. Cent. Code § 6-03-35
in effect
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6-03-35. Surplus fund exempt from taxation The surplus fund of any association organized under this title, in an amount not exceeding one hundred percent of its capital stock, is exempt from taxation and must not be taken into account in determining the taxable value of the shares of stock of the association.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c03.pdf#nameddest=6-03-35Fetched: 10/16/2026

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