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1. No officer or employee of this department may have any interest, directly or indirectly, in any financial corporation or financial institution within the jurisdiction of the department of financial institutions, nor in any corporation or institution engaged wholly or in part in the writing or issuing of bonds of or for any such corporation or institution or any officer or employee thereof. Provided, however, this prohibition does not apply to membership in a state-chartered credit union or savings and loan association.
2. For purposes of this section, “interest” means ownership of or investment in such corporations or institutions.
Cite this article: FindLaw.com - North Dakota Century Code Title 6. Banks and Banking § 6-01-15. Officers and employees to be disinterested - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-6-banks-and-banking/nd-cent-code-sect-6-01-15/
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