To enlist the help of private enterprise and to encourage more active use of the purposes
for which the Bank of North Dakota was created, the governor shall appoint an advisory
board of directors to the Bank of North Dakota consisting of seven persons, at least
two of whom must be officers of banks, the majority of the stock of which is owned
by North Dakota residents, and at least one of whom must be an officer of a state-chartered
or federally chartered financial institution. The governor shall appoint a chairman, vice chairman, and secretary from the advisory
board of directors. The term of a director is four years. The industrial commission shall define the duties of the advisory board of directors.
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 or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.