A universal bank of which the Commissioner takes possession or which is operating under restrictions imposed by the Commissioner may be permitted by the Commissioner to resume business in accordance with the provisions of this chapter and subject to such conditions as may be imposed by the Commissioner.
(June 9, 2001, D.C. Law 13-308, § 218, 48 DCR 3244.)
This section is referenced in § 26-1401.17.
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