Any safe deposit company, trust company, surety or guaranty company, or title insurance company incorporated on or before January 1, 1902, and operating under the laws of the United States in the District of Columbia or of any of the states, and doing business in said District on or before January 1, 1902, may avail itself of the provisions of this chapter on filing in the Office of the Recorder of Deeds of the District of Columbia, or with the Superintendent of Banking and Financial Institutions [Commissioner of the Department of Insurance, Securities, and Banking], a certificate of its intention to do so, which certificate shall specify which one of the 3 classes of business set out in § 26-1301 it will carry on, and shall be verified by the oath of its president to the effect that it has in every respect complied with the requirements of existing law, especially with the provisions of this chapter, that its capital stock is paid in as provided in § 26-1323 and is not impaired; and thereafter such company may exercise all powers and perform all duties authorized by any 1 of the clauses of § 26-1301 in addition to the powers lawfully exercised by such company on January 1, 1902.
(Mar. 3, 1901, 31 Stat. 1306, ch. 854, § 725; Nov. 23, 1985, D.C. Law 6-63, § 106(a)(9); as added Apr. 11, 1986, D.C. Law 6-107, § 2(k), 33 DCR 1168.)
1981 Ed., § 26-413.
1973 Ed., § 26-313.
This section is referenced in § 26-1307 and § 26-1322.
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 13 - Trust, Loan, Mortgage, Safe Deposit and Title Corporations
§ 26–1301. Manner of formation; purposes
§ 26–1304. Organization certificate; execution; contents
§ 26–1305. Charter of incorporation — Power of Council to grant or refuse
§ 26–1306. Charter of incorporation — Notice of application
§ 26–1309. Powers of companies; liability as trustee
§ 26–1310. Appointment as fiduciary
§ 26–1311.01. Automatic substitution of fiduciaries
§ 26–1312. Stock, property, and liability to be security when fiduciary
§ 26–1313. Existing companies; certificate of intention to comply with provisions
§ 26–1314. Real property held and conveyed by companies
§ 26–1315. Duration of charter
§ 26–1317. Capital stock — Calls; sale on failure to pay money subscribed
§ 26–1318. Annual reports — Publication; contents; verification
§ 26–1319. Annual reports — Liability of directors or trustees
§ 26–1320. Wilful false swearing; misappropriation
§ 26–1321. Stock deemed personal estate; transfer; contents of certificates
§ 26–1322. Liability of stockholders
§ 26–1323. Payment of stock to be in money only; exception
§ 26–1324. Election of, and management of company by, directors or trustees
§ 26–1325. Officers; security authorized
§ 26–1326. Power to make bylaws; purposes thereof
§ 26–1327. Liability of directors or trustees on declaration of dividends — Conditions
§ 26–1328. Liability of directors or trustees on declaration of dividends — Exemption
§ 26–1329. Directors or trustees personally liable when liabilities exceed assets
§ 26–1330. Fiduciary not liable as stockholder; liability of estate and funds
§ 26–1331. Increase or decrease of capital stock
§ 26–1332. Copy of certificate as evidence
§ 26–1333. Security required for performance of fiduciary duties; liability thereon
§ 26–1334. Powers of probate court
§ 26–1335. Compliance required of foreign corporations or companies
§ 26–1336. Right of Congress to amend or repeal chapter; remedies preserved