{"data":{"id":"us-dc/d.c.-code-26-1401.06","jurisdiction":"us-dc","citation":"D.C. Code § 26-1401.06","heading":"Voluntary termination of certification.","body":"A financial institution that is certified as a universal bank under this chapter may elect to terminate its certification by giving 60 days prior written notice of the termination to the Commissioner. A termination under this section shall be effective only with the written approval of the Commissioner. A financial institution shall, as a condition to a termination under this section, terminate its exercise of all powers granted under this chapter before the termination of the certification. The Commissioner’s written approval of a financial institution’s termination under this section shall be void if the financial institution fails to satisfy the condition to termination under this section.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 14. Universal Bank Certification.","Subchapter II. Application and Certification as a Universal Bank."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-1401.06","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"e8fa3998e933b39e7dbd079db50012ef6e1ca81d36562acc9d81b4ae4a71a964","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-1401.05","next":"us-dc/d.c.-code-26-1401.07"},"notice":"GroundRules: Original legal text. Not legal advice."}