North Dakota Century Code

Chapter 6-05

Annuity, Safe Deposit, Surety, and Trust Companies

Section Section Name
6-05-01 Who may form ‑ Corporation has perpetual existence
6-05-02 Compliance with chapter required ‑ Penalty for noncompliance
6-05-03 Capital required
6-05-04 Surety deposit investments required ‑ Securities in which investment may be made
6-05-04.1 Right of action against deposit
6-05-05 Certificate of deposit
6-05-06 Directors ‑ Qualifications ‑ Terms ‑ Vacancies
6-05-07 Election of directors ‑ Appointment and bonds of officers
6-05-08 Corporate powers
6-05-08.1 Issuance of certificates of deposit ‑ Penalty
6-05-09 Savings, investment, and trust property ‑ Separate accounts
6-05-10 Discretionary power of investment ‑ Limitations
6-05-11 Bond not required ‑ Power to be surety on judicial bonds ‑ Deposit of securities
6-05-11.1 Bonds of officers and employees
6-05-12 Court bonds not required
6-05-13 Transfer of trust to corporation
6-05-14 Compensation ‑ Lien
6-05-15 Investment of trust funds
6-05-15.1 Corporate trustee ‑ Investment of trust funds ‑ Commingling funds
6-05-15.2 Common trust funds of affiliates
6-05-15.3 Deposit of trust funds awaiting investment or distribution in affiliates
6-05-15.4 Multiple offices or places of business ‑ Application to state banking board ‑ Hearing
6-05-15.5 Structure of trust company ‑ Operating subsidiaries ‑ Notice ‑ Hearing ‑ Supervision
6-05-16 Indebtedness of directors ‑ Prohibition and exception ‑ Theft ‑ Penalty
6-05-17 Corporation subject to court orders ‑ Reports to court
6-05-18 Annual report to state examiner ‑ Publication
6-05-19 Fidelity insurance and corporate suretyship ‑ Domestic and foreign corporations
6-05-20 Execution and acceptance of bond from surety company ‑ Bond as compliance with law
6-05-21 Cost of bond allowable as expense and taxable as costs in suit
6-05-22 Domestic surety companies and agents must obtain certificate from insurance commissioner
6-05-23 Concurrent undertakings permitted ‑ Losses prorated
6-05-24 Surety company may petition to be relieved from liability ‑ Procedure
6-05-25 When subscribed capital stock must be paid in
6-05-26 Increase in capital stock ‑ Action by stockholders ‑ Report to state banking board
6-05-27 Commissioner to order increase in security deposit ‑ When
6-05-28 Examination by commissioner ‑ Fees ‑ Power over business, officers, and employees
6-05-29 Duty of commissioner when examination discloses violation of law
6-05-30 Conditions under which foreign corporation may do fidelity and surety business
6-05-31 Service on foreign corporation doing fidelity and surety business
6-05-32 Foreign corporation doing fidelity or surety business to pay tax ‑ To whom paid ‑ How determined
6-05-33 Responsibility of fidelity and surety corporation for fraud of bonded officer
6-05-34 Other code provisions applicable to corporations doing business under this chapter