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Current as of January 01, 2024 | Updated by Findlaw Staff
Before formation of a cooperative financial institution under this chapter, originating members who wish to associate themselves in a cooperative financial institution shall sign and execute an organization certificate on a form prescribed by the commissioner, which must state:
1. The name of the cooperative financial institution. The name may not be the name of any other bank, credit union, or financial institution previously incorporated within the this state;
2. The location of the principal office of the cooperative financial institution at which business will be conducted;
3. The names and places of residence of the originating members; and
4. The respective dates on which the cooperative financial institution will commence business.
Cite this article: FindLaw.com - North Dakota Century Code Title 6. Banks and Banking § 6-06.2-05. Organization certificate--Contents - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-6-banks-and-banking/nd-cent-code-sect-6-06-2-05/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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