North Dakota Century Code Title 6. Banks and Banking § 6-08.4-01. Definitions

1. “Affiliate” means a company that controls, is controlled by, or is under common control with another company.

2. “Bank” means insured depository institution as defined in 12 U.S.C. 1813(c)(2), but the term does not include “foreign bank” as defined in 12 U.S.C. 3101(7), except any foreign bank organized under the laws of a territory of the United States, the deposits of which are insured by the federal deposit insurance corporation.

3. “Commercial activities” means activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law.

4. “Home state” means:

5. “Transaction” means a bank's establishment, operation, and, as applicable, retention of a bank branch office in a state other than its home state, whether de novo, by acquisition of a separate branch office, or through a merger of a North Dakota bank with another bank.