District of Columbia Statutes
§ 26-831.06 — Voluntary termination of certification of authority.
District of Columbia § 26-831.06
JurisdictionDistrict of Columbia
Title 26Banks and Other Financial Institutions.
Ch. 8AMerchant Banks.
Subch. IIApplication and Certification as a Merchant Bank.
This text of District of Columbia § 26-831.06 (Voluntary termination of certification of authority.) 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 § 26-831.06 (2026).
Text
An applicant that is chartered as a merchant bank under this chapter may elect to terminate its charter by giving 60 days prior written notice of the termination to the Commissioner. A termination under this section shall be effective only with the written approval of the Commissioner. An applicant shall, as a condition to a termination under this section, terminate its exercise of all powers granted under this chapter before the termination of the certification. The Commissioner’s written approval of a applicant’s termination under this section shall be void if the applicant fails to satisfy the condition to termination under this section.
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Legislative History
June 9, 2001, D.C. Law 13-308, § 306, 48 DCR 3244
Nearby Sections
15
§ 26-1001
Definitions.§ 26-1002
License required.§ 26-1003
Exemptions.§ 26-1004
License qualifications.§ 26-1006
License application.§ 26-1007
Bond or other security device.§ 26-1008
Application fee.§ 26-1009
Issuance of license.§ 26-1011
Special reporting requirements.§ 26-1012
Changes in control of a licensee.§ 26-1013
Examinations.§ 26-1014
Maintenance of records.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 26-831.06, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/26-831.06.