Each applicant shall demonstrate, in a form satisfactory to the Superintendent, [Commissioner] the availability of capital of at least $25,000 for the operation of the business of each location and mobile unit from which the applicant proposes in the application to conduct business. Each licensee shall continuously maintain capital of at least $5,000 for the operation of the business of each location and mobile unit from which the licensee conducts business.
(May 12, 1998, D.C. Law 12-111, § 8, 45 DCR 1782.)
1981 Ed., § 26-1107.
This section is referenced in § 26-308 and § 26-316.
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
§ 26–302. Requirement of license
§ 26–304. Form and contents of application for license
§ 26–305. Application and license fees
§ 26–306. Bond to accompany application for license
§ 26–307. Minimum liquid assets required
§ 26–308. Granting of license; investigations
§ 26–309. Issuance and form of license
§ 26–311. Time and renewal of license
§ 26–312. Transferability of license
§ 26–313. Limitation of license
§ 26–314. License for limited station
§ 26–315. Change of location of business or area; other miscellaneous activity
§ 26–316. Revocation and suspension of license
§ 26–317. Limitations on fees for cashing checks
§ 26–318. Books, accounts, and other records of licensee
§ 26–319. Limitations on business
§ 26–320. Formal investigations
§ 26–321. Cease and desist orders
§ 26–322. Authority of Commissioner to issue rules and regulations