North Dakota Code 6-09.10-02 – Credit review board
1. The board consists of:
Terms Used In North Dakota Code 6-09.10-02
- board: when used in this title includes the state banking board and the state credit union board. See North Dakota Code 6-01-03
- Commissioner: means the commissioner of financial institutions. See North Dakota Code 6-01-02
- Financial institution: means any bank, industrial loan company, or savings and loan association organized under the laws of this state or of the United States. See North Dakota Code 6-01-02
- Individual: means a human being. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
a. One individual who has experience as a director or officer of a financial institution, appointed by the governor; b. One individual who has experience as a director or officer of a financial institution, appointed by the attorney general; c. One individual actively engaged in farming in the state, appointed by the governor; d. One individual actively engaged in farming in the state, appointed by the attorney general; and
e. Two individuals actively engaged in farming in the state, appointed by the agriculture commissioner.
2. A board member may not be an employee or official of the state during the member’s term of office.
3. The term of office for members of the board is two years. An individual may serve consecutive terms.
4. a. Annually, the board shall elect one member to serve as the chairman.
b. The chairman shall call all meetings of the board.