Definitions

1. "Deposit production office" means an office which is apart from the bank's main office, facility, or interstate branch where deposits are solicited but are not received, nor are withdrawals paid or loans made. 2. "Impairment of capital" means the tier 1 leverage capital ratio in the bank's most recent quarterly report of condition and income is less than five percent.

History: Effective July 1, 2009. General Authority: NDCC 6-01-04, 6-03-02 Law Implemented: NDCC 6-03-38