Title 26 — Banks and Other Financial Institutions.
22 chapters · 372 sections in this title.
D.C. Code § 26-401 Establishment
0.9K chars
Any bank or trust company qualified to act as fiduciary in the District of Columbia may, subject to such rules and regulations as may be promulgated from time to time by the Board of Governors of the Federal Reserve System under the provisions of § 92a of Title 12, United States …
D.C. Code § 26-402 Taxability
1.6K chars
(a) A common trust fund, as herein defined, shall not be subject to any tax imposed by Chapter 18 of Title 47, and for the purpose of said subchapter shall not be deemed to be a corporation. (b) The net income of a common trust fund shall be computed in the same manner and on the…
D.C. Code § 26-403 Court accountings
0.4K chars
Unless ordered by a court of competent jurisdiction the bank or trust company operating such common trust funds is not required to render a court accounting with regard to such common trust funds; but it may, by application to the Superior Court of the District of Columbia, secur…
D.C. Code § 26-404 Uniformity of laws
0.2K chars
This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of the District of Columbia with the law of those states which enact the Uniform Common Trust Fund Act.