Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 26 - BANKS AND OTHER FINANCIAL INSTITUTIONSChapter 14 - UNIVERSAL BANK CERTIFICATION
Subchapter II - APPLICATION AND CERTIFICATION AS A UNIVERSAL BANK
Section 26-1401.05 - Revocation or subsequent limitation of certificate of authority

D.C. Code § 26-1401.05

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Current through codified legislation effective September 18, 2024
Section 26-1401.05 - Revocation or subsequent limitation of certificate of authority

If a universal bank fails to maintain the standards and requirements of § 26-1401.03(c), the Commissioner shall, by order, revoke or limit the exercise of the powers of the universal bank.

D.C. Code § 26-1401.05

June 9, 2001, D.C. Law 13-308, § 205, 48 DCR 3244.