Document Citation: N.D. Cent. Code, § 6-03-15.2

Header:
NORTH DAKOTA CENTURY CODE
TITLE 6 Banks and Banking
CHAPTER 6-03 Powers, Management, and Operation of Banks

Date:
08/31/2009

Document:

6-03-15.2. Operations during epidemic or emergency -- Notice to commissioner.

A bank that operates physical facilities in any area that is experiencing an epidemic or other emergency may adjust the bank's operations in any manner that is reasonable to protect the bank's customers, employees, assets, or business. Under this section a bank may temporarily close or relocate offices, employees, or operations; restrict access to offices or services; and change the manner in which the bank provides banking services. A bank shall notify the commissioner of any actions the bank takes under the authority of this section. The bank shall give the commissioner notice promptly and in any case within three business days of the bank's decision to adjust the bank's operations. The notice must describe the bank's actions and the expected duration of the bank's adjusted operations. Unless extended by the commissioner, a bank's authority to change the bank's operations under this section may not exceed sixty days.