The Bank of North Dakota (State-Owned Bank)
North Dakota is the only state in the U.S. that owns and operates its own bank. By law, all state funds must be deposited in the Bank of North Dakota (BND).
Laws available for this jurisdiction in plain English.
North Dakota is the only state in the U.S. that owns and operates its own bank. By law, all state funds must be deposited in the Bank of North Dakota (BND).
To protect family-owned farms, North Dakota strictly prohibits large corporations or limited liability companies (LLCs) from owning or operating farmland in the state.