A merchant 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, § 311, 48 DCR 3244.)
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
§ 26–831.11. Liquidation of merchant banks in general
§ 26–831.12. Commissioner taking possession of merchant banks
§ 26–831.13. Resumption of business by a merchant bank
§ 26–831.14. Appointment of a receiver for a merchant bank
§ 26–831.15. Receiver duties and powers
§ 26–831.16. Lien on property or assets; voidable transfer
§ 26–831.17. Maintenance and disposal of records by receiver
§ 26–831.18. Conservator; appointment; bond and security; qualifications; expenses
§ 26–831.19. Conservator; rights, powers, and privileges
§ 26–831.20. Authority of conservator to borrow money; purpose