{"data":{"id":"us-dc/d.c.-code-26-1301","jurisdiction":"us-dc","citation":"D.C. Code § 26-1301","heading":"Manner of formation; purposes.","body":"Corporations may be formed within the District of Columbia for the purposes hereinafter mentioned in the following manner: Any number of natural persons, citizens of the United States, not less than 25, may associate themselves together to form a company for the purpose of carrying on, in the District of Columbia, any 1 of the 3 classes of business herein specified, to wit: (1) a safe deposit, trust, loan, and mortgage business; (2) a title insurance, loan, and mortgage business; or (3) a security, guarantee, indemnity, loan, and mortgage business; provided, that the capital stock of any of said companies shall not be less than $1,000,000 except as otherwise provided in § 31-2502.13, and that any of said companies may also do a storage business when their capital stock amounts to the sum of not less than $1,200,000.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 13. Trust, Loan, Mortgage, Safe Deposit and Title Corporations.","Subchapter I. General."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-1301","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"4633094f86de53144506695d950303ab142bf0fd591628d89867fb7590cea802","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-1217","next":"us-dc/d.c.-code-26-1304"},"notice":"GroundRules: Original legal text. Not legal advice."}