6-08.3-01. Definitions.
195 words·~1 min read·
/nd/title-06/chapter-6-08-3-reciprocal-interstate-banking/6-08-3-01·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this chapter, unless the context otherwise requires:
1. "Adequately capitalized" means a level of capitalization that meets or exceeds all
applicable federal regulatory capital standards.
2. "Board" means the state banking board.
3. "Commissioner" means the commissioner of financial institutions.
4. "Default" means default as defined in section 3 of the Federal Deposit Insurance Act
[12 U.S.C. 1813].
5. "Deposit" means deposit as defined in section 3 of the Federal Deposit Insurance Act
[12 U.S.C. 1813].
6. "Depository institution" means depository institution as defined in section 3 of the
Federal Deposit Insurance Act [12 U.S.C. 1813].
7. "Depository institution holding company" means depository institution holding company
as defined in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813].
8. "Federal reserve" means the board of governors of the federal reserve system or any
successor thereto.
9. "In danger of default" means in danger of default as defined in section 3 of the Federal
Deposit Insurance Act [12 U.S.C. 1813].
10. "North Dakota deposits" means all deposits held at branches or offices located in this
state of all depository institutions, based upon the public reports most recently filed
with the appropriate regulatory agency.