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