Maximum investment in fixed assets to be determined by state credit union board

No credit union organized and operating under the laws of North Dakota shall invest more than the greater of six percent of assets or fifty percent of net worth, but not to exceed ten percent of assets, in a credit union land and building and other fixed assets, without first applying for and obtaining approval from the state credit union board. History: Amended effective June 1, 1984; January 1, 2007; January 1, 2013; January 1, 2019; April 1, 2022. General Authority: NDCC 6-01-04 Law Implemented: NDCC 6-06-06