If a merchant bank fails to maintain the standards and requirements of this chapter, the Commissioner shall, by order, revoke or limit the exercise of the powers of the merchant bank’s authority.
D.C. Code § 26-831.05
Revocation or subsequent limitation of certificate of authority
Known as the Merchant Bank Act
The act spans §§ 26-831.01 to 26-831.22 (22 sections).
June 9, 2001, D.C
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.