6-08.4-06. Powers.
149 words·~1 min read·
/nd/title-06/chapter-6-08-4-interstate-branching/6-08-4-06·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. An out-of-state state-chartered bank that establishes, acquires, and retains one or
more branches in this state under this chapter may conduct any activities at the branch
or branches that are authorized under the laws for North Dakota state banks, except to
the extent those activities may be prohibited by the laws, rules, or orders of the home
state applicable to the out-of-state state-chartered bank.
2. A North Dakota state-chartered bank may conduct any activities at any branch outside
this state which are permissible for an out-of-state state-chartered bank where the
branch is located, except to the extent those activities are expressly prohibited by
North Dakota law, rule, or order.
3. A bank may not establish or maintain a branch in this state on the premises or property
or within one mile [1.60 kilometers] of the premises or property of an affiliate if the
affiliate engages in commercial activities.