District of Columbia § 26-1401.10 Necessary or convenient powers.

District of Columbia Statutes

§ 26-1401.10 — Necessary or convenient powers.

District of Columbia § 26-1401.10

Title 26Banks and Other Financial Institutions.

Ch. 14Universal Bank Certification.

Subch. IIIPowers and Authority of Universal Banks.

This text of District of Columbia § 26-1401.10 (Necessary or convenient powers.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 26-1401.10 (2026).

Text

Unless otherwise prohibited by law or regulation, a universal bank may exercise all powers necessary or convenient to effect the purposes for which the universal bank is organized or to further a business, activity, or operation in which the universal bank is lawfully engaged. The Commissioner may, by rule or order, establish that certain powers shall not be considered necessary or convenient to effect the purposes for which a universal bank is organized or to further a business, activity, or operation in which a universal bank is lawfully engaged.

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Unless otherwise prohibited by law or regulation, a universal bank may exercise all powers necessary or convenient to effect the purposes for which the universal bank is organized or to further a business, activity, or operation in which the universal bank is lawfully engaged. The Commissioner may, by rule or order, establish that certain powers shall not be considered necessary or convenient to effect the purposes for which a universal bank is organized or to further a business, activity, or operation in which a universal bank is lawfully engaged.