District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 2 - Building Associations

Subchapter I - General

§ 26–201. Formation; general nature and powers - (a) Any 5 or more persons who desire to form...

§ 26–202. Powers as to stock - Such corporation shall have power, in its certificate of incorporation...

§ 26–203. Bonus to be paid by late subscribers - Any person applying for membership or stock after a month...

§ 26–204. Object; supervision by federal board; strict compliance with provisions required; exception; violations - (a) The object of such corporation shall be the accumulation...

§ 26–206. Foreign associations - (a) No foreign association shall make loans of any kind...

§ 26–207. Advancements — Payments of premiums - The moneys accumulated from time to time shall be offered...

§ 26–208. Advancements — Security - For every advance made as aforesaid a bond in a...

§ 26–209. Advancements — Participation of all shares in profits - The shares advanced upon shall participate equally with the other...

§ 26–210. Advancements — Redemption on failure to bid - Where advances from the funds on hand cannot be made...

§ 26–211. Withdrawal by shareholder - A shareholder shall be entitled to withdraw at any time,...

§ 26–212. Repayment of advances - A shareholder who has been advanced may at any time...

§ 26–213. Forfeiture of stock - Any nonadvanced shareholder failing to pay the instalments due on...

§ 26–214. Foreclosure of advanced shareholder’s security - In case any advanced shareholder shall fail to pay all...

§ 26–215. Purchase of real property - Such corporation shall not invest its fund in any real...

Subchapter II - Federal Securities

§ 26–231. Purchase of federal securities - The board of directors of any building association incorporated or...

§ 26–232. Exchange of securities or real estate for federal bonds - Any building association incorporated or unincorporated, organized and existing under...

Subchapter III - Transfer of Remaining Functions to the Superintendent of Banking and Financial Institutions

§ 26–251. Remaining powers, duties, and functions of Comptroller transferred to Superintendent of Banking and Financial Institutions - Any powers, duties, and functions of the Comptroller of the...