A universal bank shall not be liquidated except as provided by this chapter or in accordance with the order of a court of competent jurisdiction.
(June 9, 2001, D.C. Law 13-308, § 216, 48 DCR 3244.)
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 14 - Universal Bank Certification
§ 26–1401.16. Liquidation of universal banks in general
§ 26–1401.17. Commissioner taking possession of universal banks
§ 26–1401.18. Resumption of business by a universal bank
§ 26–1401.19. Appointment of a receiver for a universal bank
§ 26–1401.20. Receiver duties and powers
§ 26–1401.21. Lien on property or assets; voidable transfer
§ 26–1401.22. Maintenance and disposal of records by receiver
§ 26–1401.23. Conservator; appointment; bond and security; qualifications; expenses
§ 26–1401.24. Conservator; rights, powers, and privileges
§ 26–1401.25. Deposits received while universal bank in conservatorship
§ 26–1401.26. Authority of conservator to borrow money; purpose