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Current as of January 01, 2024 | Updated by FindLaw Staff
There is established a Financial Institutions Advisory Board (“Board”). The function of the Board is advisory. The Board shall give the Commissioner sound and impartial advice on the following matters:
(1) Applications by financial institutions, including international banking institutions, to become chartered or organized under the District of Columbia Banking Code;
(2) Protection of the interests of depositors and shareholders in financial institutions operating in the District;
(3) Protection of the interests of the general public related to the operation of financial institutions in the District;
(4) Development and maintenance of a modern system of financial institutions in the District; and
(5) Any other financial matter or matter concerning financial institutions operating in, or affecting, the District.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 26-551.06. Establishment of the Financial Institutions Advisory Board. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-26-551-06/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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