Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 26 - BANKS AND OTHER FINANCIAL INSTITUTIONSChapter 8A - MERCHANT BANKS
Subchapter VI - MISCELLANEOUS PROVISIONS
Section 26-831.22 - Rules

D.C. Code § 26-831.22

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Current through codified legislation effective October 30, 2024
Section 26-831.22 - Rules

The Commissioner may prescribe rules governing the activities of merchant banks and implementing this chapter pursuant to subchapter I of Chapter 5 of Title 2. The rules shall take into account the objective of merchant banks to provide needed capital to businesses and the nondepository nature of merchant banks.

D.C. Code § 26-831.22

June 9, 2001, D.C. Law 13-308, § 322, 48 DCR 3244.

Financial institutions organized under federal law, application of District law, see § 26-710. Secured transactions, sales of accounts and chattel paper, security interest, attachment and enforceability, transactions remain subject to this chapter, see § 28:9-203. .