Criteria for approval.

13-02-16-03. Criteria for approval. The applicant must demonstrate that the proposed trust committee and officers have experience commensurate with the trust powers being requested. Upon granting trust powers, the board may require the applicant to commit to a training program of trust schools and seminars acceptable to the board. The board may also direct the applicant to enter into a training agreement with another trust company or bank. History: Effective June 1, 1994. General Authority: NDCC 6-01-04 Law Implemented: NDCC 6-03-02(12), 6-05-01