# N.D. Cent. Code § 6-06-06.1: 6-06-06.1. Issuance of certificates of deposit - Penalty

> North Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-06.1

## Section

- **Citation:** N.D. Cent. Code § 6-06-06.1
- **Heading:** 6-06-06.1. Issuance of certificates of deposit - Penalty
- **Jurisdiction:** North Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ND Code / Title 6 / Chapter 6-06 / Section 6-06-06.1

## Text

6-06-06.1. Issuance of certificates of deposit - Penalty

Certificates of deposit, as defined in section 41-03-04, may only be issued in this state by

credit unions authorized to issue certificates of deposit, and which are organized to do business

in this state under this chapter or under the Federal Credit Union Act, and whose accounts are

insured by the national credit union administration, except that the requirement for insurance of

accounts for any "corporate central credit union" or "central credit union" may be waived under

section 6-06-40, or as authorized under section 6-03-02.2. Any person violating this section is

subject to a civil penalty not to exceed five thousand dollars.

## Nearby sections

- [N.D. Cent. Code § 6-06-01 6-06-01. Savings and credit association may be organized](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-01.md)
- [N.D. Cent. Code § 6-06-02 6-06-02. Manner of organization of credit unions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-02.md)
- [N.D. Cent. Code § 6-06-03 6-06-03. Commissioner to furnish forms](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-03.md)
- [N.D. Cent. Code § 6-06-04 6-06-04. Amendment of certificate or bylaws - Approval by state credit union board](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-04.md)
- [N.D. Cent. Code § 6-06-05 6-06-05. Use of credit union and corporate central credit union restricted - Forfeiture](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-05.md)
- [N.D. Cent. Code § 6-06-06 6-06-06. Powers of credit unions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-06.md)
- [N.D. Cent. Code § 6-06-06.1 6-06-06.1. Issuance of certificates of deposit - Penalty](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-06.1.md)
- [N.D. Cent. Code § 6-06-07 6-06-07. Membership in credit union](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-07.md)
- [N.D. Cent. Code § 6-06-08 6-06-08. State credit union board to supervise credit unions - Reports - Examinations - Fees](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-08.md)
- [N.D. Cent. Code § 6-06-08.1 6-06-08.1. Additional assessments of credit unions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-08.1.md)
- [N.D. Cent. Code § 6-06-08.2 6-06-08.2. Failing institution - Emergency powers - Hearing - Order - Appeal](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-08.2.md)
- [N.D. Cent. Code § 6-06-08.3 6-06-08.3. Examination of credit union computer servicers](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-08.3.md)
- [N.D. Cent. Code § 6-06-08.4 6-06-08.4. Prompt corrective action](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-08.4.md)
- [N.D. Cent. Code § 6-06-08.5 6-06-08.5. Corporate central credit union records](https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-08.5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T6_C6-06_S6-06-06.1. Check the current official text before relying on it. Not legal advice.