Page:2015 North Dakota Session Laws.pdf/285

Banks and Banking

BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA:


 * SECTION 1. AMENDEMENT. Section 6-01-02 of the North Dakota Century Code is amended and reenacted as follows:


 * 60-01-02. Definitions.


 * As used in this title, unless the context or subject matter otherwise requires:


 * 1. "Association", "banking association", or "state banking association" means any corporation organized under the laws of this state covering state banking associations, and all corporations, limited liability companies, partnerships, firms, or associations whose business in whole or in part consists of the taking of money of deposit, except national banks, trust companies, and the Bank of North Dakota,


 * 2. "Bank" means any national bank, national banking association, corporation, state bank, state banking association, or savings bank, whether organized under the laws of this state or of the United States, engaged in the business of banking.


 * 3. "Bank holding company" means bank holding company as defined in 12 U.S.C. 1841(a)(1).


 * 4. "Banking" means the business of receiving deposits, making loans, discounting commercial paper, issuing drafts, traveler's checks, and similar instruments, handling and making collections, cashing checks and drafts, and buying and selling exchange.


 * 5. "Banking department" means the state department of financial institutions.