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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 26-1352: Trust companies to have perpetual succession.

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Where this section sits in the code
  1. Title 26. Banks and Other Financial Institutions.
  2. Chapter 13. Trust, Loan, Mortgage, Safe Deposit and Title Corporations.
  3. Subchapter II. Existing Trust Companies; Perpetual Succession of Trust Companies.

Any company transacting the business of a trust company and heretofore or hereafter organized or operating under the provisions of this chapter, but before April 11, 1986, shall have perpetual succession from the date of its organization, or until such time as it be dissolved, or until its franchise shall become forfeited by reason of violation of law, or until terminated by either a general or special act of Congress, or until its affairs be placed in the hands of a receiver and finally wound up by him.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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