# Title 13 — Department of Financial Institutions

## Article 13-02 — Banking and Savings and Loan Associations

## Chapter 13-02-10 — Authorizations

### § 13-02-10-01. Investment in securities.

The state banking board authorizes state banks to invest in investment securities or instruments in
accordance with investment authorizations issued for national banks by the comptroller of the currency,
subject to the same limitations or restrictions, if any.
History: Effective February 1, 1988; amended effective October 1, 1991.
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-03-38, 6-03-47.3
### § 13-02-10-02. Effective date of authority to invest.

The authority for state banks to invest in investment securities or instruments must be the date the
investments are effective for national banks unless the state banking board shall otherwise direct within
ninety days of the state banking board receiving notification of proposed adjustments.
History: Effective February 1, 1988; amended effective October 1, 1991.
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-03-38, 6-03-47.3
