A merchant 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, § 313, 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