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ND SB2217
Bill
Status
Introduced
1/17/2011
Primary Sponsor
Blair Thoreson
Click for details
AI Summary
- Amends North Dakota Century Code section 6-08-27 to clarify restrictions on out-of-state fiduciaries operating in North Dakota
- Prohibits banks and trust companies organized under laws of other states, territories, or the District of Columbia from establishing a place of business, branch office, or agency in North Dakota for fiduciary conduct
- Prohibits national banks doing business in other states from acting in a fiduciary capacity in North Dakota except as provided under sections 6-08-25 through 6-08-28
- Clarifies that fiduciary activities by out-of-state entities are only permitted pursuant to the specific provisions of sections 6-08-25 through 6-08-28
Legislative Description
The prohibition on out-of-state fiduciaries located in the state.
Last Action
Request return from committee
1/20/2011
Committee Referrals
Industry, Business, and Labor1/17/2011
Full Bill Text
No bill text available