North Dakota Code 6-09-11 – Bank a clearinghouse
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For banks that make the Bank of North Dakota a reserve depositary, it may perform the functions and render the services of a clearinghouse, including all facilities for providing domestic and foreign exchange, and may rediscount paper, on such terms as the industrial commission shall provide.
Terms Used In North Dakota Code 6-09-11
- 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. See North Dakota Code 6-01-02
- paper: means any flexible material upon which it is usual to write. See North Dakota Code 1-01-27